Russia's Fast Payments System hits 50 million daily transactions in 2025
Russia's Fast Payments System (FPS) saw record activity in 2025, with daily transactions averaging 50 million—a rise of one-third compared to 2024. Over the year, the system processed 18.3 billion transactions, marking a 1.4-fold increase from the previous 12 months. The total value of these transfers and payments reached 103 trillion rubles, up 1.5 times year-on-year.
By the final quarter of 2025, seven out of ten Russians were using the FPS for online payments, while half relied on it for paying taxes. On average, each user made 32 transfers and paid for 19 purchases during this period. Peer-to-peer transfers dominated, with 3.4 billion transactions worth 25.9 trillion rubles processed in the last three months alone.
The system also handled 244.6 million transfers from businesses to individuals, totalling 2.1 trillion rubles. One in four transfers involved users moving money between their own accounts at different banks.
Adoption among businesses grew significantly, with 3 million retailers and service providers accepting FPS payments. Of these, 2.3 million were small and medium-sized enterprises, representing 34% of all Russian SMEs. In the fourth quarter, the system processed over 4.9 billion transactions worth 29.1 trillion rubles.
The FPS has become a key part of Russia's financial infrastructure, with surging transaction volumes and widespread user engagement. Business participation has expanded, particularly among SMEs, while peer-to-peer transfers remain the most common use. The system's growth reflects its increasing role in everyday payments and money transfers.
