Russia’s SWIFT alternative spreads at record pace – central bank ...News

The SPFS now includes more than 100 foreign entities from 12 countries Russia’s SPFS interbank messaging system has expanded at record pace this year, Alla Bakina, the head of the central bank’s national payment system department, said on Friday. “The SPFS financial messaging system showed serious expansion this year, as we have more foreign participants connecting. Since the beginning of the year, more parties have joined the SPFS than in all previous years of the system’s existence,” Bakina said at a banking forum in Kazan. According to the official, 50 new entities from abroad joined the SPFS in the first six m

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