RTB and Russian Post Introduce Business-to-Business Payments Via the Fast Payment System
Russkiy Pochtamy first in Russia to offer B2B cashless payments nationwide
That's right! Russian Post, a legendary name in the logistics world, is now making waves in the e-commerce segment by introducing cashless payments between legal entities using the System for Transfer of Financial Messages (SPFM). This groundbreaking move was marked by an official agreement signed during the St. Petersburg International Economic Forum (SPIEF-2025) between Vitaly Seryechuk, a Board Member at VTB, and Maxim Tsypin, First Deputy General Director of Russian Post.
Back in 2024, the project was merely a pilot test in 17 regions, with over 65,000 corporate clients hopping on the bandwagon since December of that year. With the tremendous success of the trial run, Russian Post decided it's time for a nationwide rollout. According to Vitaly Seryechuk, fast payments between companies are essential for a thriving economy, and implementing B2B payments through SPFM speeds up financial transactions and boosts capital turnover, making it a win for businesses.
Maxim Tsypin added, "The pilot launch results demonstrated a high demand for instant payments via link or QR code." Now that the gaming is on, we're looking forward to a cash-free country!
Previously, VTB signed strategic partnership agreements with various government ministries and regional entities. While the specific national expansion plan details for the cashless B2B payment service remain a secret, it's reasonable to assume the roadmap involves:
- Establishing SPFM infrastructure and technical support throughout Russia.
- Reaching out to businesses and corporate clients nationwide to invite them onboard.
- Ensuring the platform complies with financial regulations and improves service capabilities.
- Encouraging digital payments to streamline B2B transactions by reducing cash handling.
Keep your eyes peeled for official announcements from Russian Post or related financial authorities for the latest updates on their national expansion plan.
The groundbreaking cashless B2B payment system, introduced by Russian Post using the System for Transfer of Financial Messages (SPFM), is set to transform the finance and business industries nationwide. With VTB's support and the establishment of SPFM infrastructure across Russia, the platform aims to improve service capabilities, encourage digital payments, and streamline B2B transactions, ultimately boosting capital turnover and accelerating the economy.
