https://sputniknews.in/20250903/sberbank-explores-cashless-payment-options-for-russian-and-indian-tourists-9706417.html
Sberbank Explores Cashless Payment Options for Russian and Indian Tourists
Sberbank Explores Cashless Payment Options for Russian and Indian Tourists
Sputnik India
Sberbank is actively working to improve the transfer system between Russia and India, with a particular focus on enhancing cashless payment solutions for... 03.09.2025, Sputnik India
2025-09-03T13:59+0530
2025-09-03T13:59+0530
2025-09-03T13:59+0530
indo-russian relations
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Popov emphasized that Sberbank is making significant efforts to ensure that transfers between Russia and India are fast, convenient, and secure. "We are also working on developing cashless payment systems for tourists from both countries," he stated.Currently, Indian migrant workers can transfer money from Russia to India using account numbers, while Indian students are able to pay for their education in Russian universities. Popov also pointed out that the number of clients opening deposits in Indian currency has doubled since the beginning of the year."We are seeing interest not only from companies working with India but also from clients looking to hedge their currency risks, especially with the strong ruble and gradually declining key interest rates," Popov added.The highest interest rate for deposits in Indian rupees is currently 6.75%, making it the most attractive among all foreign currencies. Additionally, Sberbank now offers the ability to open such deposits online. Popov highlighted that the growing demand for these deposits is linked to the dynamic development of trade and economic relations between Russia and India, as well as the increasing use of the rupee as a tool for investment diversification.The 10th Eastern Economic Forum is taking place from September 3-6 in Vladivostok, hosted at the Far Eastern Federal University campus. The main theme of this year's forum is "The Far East: Cooperation for Peace and Prosperity."
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Sberbank Explores Cashless Payment Options for Russian and Indian Tourists
Sberbank is actively working to improve the transfer system between Russia and India, with a particular focus on enhancing cashless payment solutions for tourists from both countries, Anatoly Popov, Deputy Chairman of the Board of Sberbank, said in an interview with Sputnik ahead of the Eastern Economic Forum.
Popov emphasized that Sberbank is making significant efforts to ensure that transfers between Russia and India are fast, convenient, and secure. "We are also working on developing cashless payment systems for tourists from both countries," he stated.
Currently, Indian migrant workers can transfer money from Russia to India using account numbers, while Indian students are able to pay for their education in Russian universities. Popov also pointed out that the number of clients opening deposits in Indian currency has doubled since the beginning of the year.
"We are seeing interest not only from companies working with India but also from clients looking to hedge their currency risks, especially with the strong ruble and gradually declining key interest rates," Popov added.
The highest interest rate for deposits in Indian rupees is currently 6.75%, making it the most attractive among all foreign currencies. Additionally, Sberbank now offers the ability to open such deposits online. Popov highlighted that the growing demand for these deposits is linked to the dynamic development of trade and economic relations between Russia and India, as well as the increasing use of the rupee as a tool for investment diversification.
The 10th Eastern Economic Forum is taking place from September 3-6 in Vladivostok, hosted at the Far Eastern Federal University campus. The main theme of this year's forum is "The Far East: Cooperation for Peace and Prosperity."
