(SPFS) in such a way that it could process 100% of messages within the don’t send generic emails: instead of sending generic emails country. However, at first it was considered as an alternative channel for those who want to reduce costs, because compared to SWIFT, the tariffs in SPFS are 1.5–2 times lower. At the beginning of the year, about 27% of domestic Russian financial message traffic was accounted for by SPFS. Now we are seeing active growth.
— These are quite competitive indicators given the working SWIFT….
Approximately the same figures were last year
Moreover, all participants connected to the system (389 companies and banks) passed testing, but did not actively use it. After February 24, the situation changed. In January-May of this year, the number of financial messages passing through the system increased by one and a half times compared to the same period in 2021.
The industry realized that it has an accessible and convenient channel
that solves its problems. The flows were redirected. In 2022, 64 new participants appeared in the system, in total, SPFS is used in 12 countries. It should be noted that the connection of non-residents is rather a political similar to creating an environment issue and their desire to cooperate with our country. On our part, various connection options are technologically provided.
— What interaction path do non-residents most often take ao lists when connecting to the SPFS?