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Sergey Belov

Sergey Belov

Head of the Far Eastern Main Branch, Central Bank of the Russian Federation
Quotes
04.09.2019
EEF 2019
Improving Access to Financial Services in the Far East
We place our hope on remote identification. The Russian Federation already has 395 points, including the Far East
04.09.2019
EEF 2019
Improving Access to Financial Services in the Far East
People are mentally not prepared for using financial services, and it is natural. These are new products for people from remote communities, and secondly, some of them have low incomes
04.09.2019
EEF 2019
Improving Access to Financial Services in the Far East
453 communities still have troubles with Internet, including <…> 260 with less than 100 people
04.09.2019
EEF 2019
Improving Access to Financial Services in the Far East
Basically, our pilot project started in August 2018. <…> The objectives of the pilot project were fairly simple: to raise the level of financial accessibility for residents of the Far East and make Internet-based financial services – the so-called remote services – more accessible. <…> As a result, presently the quality of Internet access helps financial services – the tool of the Bank of Russia – cover over 2 thousand communities, which is over 82% of communities in the Far East
04.09.2019
EEF 2019
Improving Access to Financial Services in the Far East
As of 1 July 2019, the payment infrastructure also changed significantly: the number of ATMs increased by 3%, and the number of electronic terminals went up 15%. Improved access to Internet allowed us, among other things, to start applying alternative methods of raising financial accessibility. In particular, the Post Bank’s project <...> has spread around the country: as of 1 July 2019, the Far East had almost 3 thousand terminals for withdrawing and depositing cash