To build their own solutions on the basis of these solutions, which will telegram data ultimately be used by clients and which will be able to compete with each other. Without the Bank of Russia’s infrastructure solutions, only the largest banks, which use their infrastructure to strengthen their monopoly position, can afford the necessary volume of investment for modern services.
If we take the SBP as an example
it is a platform that provides money transfers between different banks. We have built a tariff model that will only cover the costs of its creation, but not make money. For the banks themselves, the cost of such transfers will be almost zero. If we talk about the development of commercial bank platforms, they provide services to banks not at zero, but at 1% or more. Again, if one or two players can own the entire payment space, then this is also slavery, like salary slavery. And it is even more dangerous. After all, payments, especially retail ones, are already something everyday, like a cup of coffee in the morning.
You should be able to make a payment
from anywhere, from any bank, simply by pressing a button, and not think about the fact that you must become a client of only one specific bank. I think this is already the Stone Age. Online transfers boost your affiliate earnings are something that has gone from being commercial know-how, which was available only to a few players, to an everyday service. And all banks should be able to provide this service. That is why we are creating a platform like SBP for financial market participants.
— Is it true that, in the opinion of the regulator, one of the tasks for ao lists increasing competition is to limit the share of the monopolist?