New law in Russia on payment systems

In the Russian Federation, not so long ago, a new law on payment systems was introduced. The purpose of the adoption of this legislative act is to achieve equality between domestic and international payment systems. Needless to say, the second satisfied with such changes, after all, they felt comfortable in the Russian financial market.

According to the authors of the new law, it does not exclude the activities of international payment systems and the use of them by Russian citizens, but only imposes new rights and obligations of the subjects of monetary relations. Particular attention is paid to the law on electronic payments, created more detailed legal bases in this direction, it is also called the law on electronic money. There are also legislative acts for the implementation of mobile payments, which have gained a lot of popularity in recent times.

Users of digital currencies and electronic payment systems will cease to feel outside the law. After all, there will finally be a definition of "digital money" and "virtual payment systems."
 

Types of permitted payments

Non-personalized and personified types of payments can make physical faces for the amount of 15-100 thousand. rubles. By the way, a personalized person requires the identification of personal data (data passport, identification code, mobile phone number).

Corporate payment is intended for legal entities.

The new law does not require an identity card, if the monetary transfer for one calendar month does not exceed the amount of 40 thousand rubles. If this amount is higher, then the identification is required.
 

Requirements for foreign payment systems

Now international payment systems must acknowledge all changes and regulations and approve them. Foreign banking institutions and other financial institutions are obliged to open official representations in the Russian Federation. These can be clearing, payment or processing centers. However, for the last category, an exception is allowed, they can stay outside.
 

Virtual money operators

The new law on payment systems states that e-money operators must now obtain a license from a non-bank credit organization or bank. The operator can now represent only the credit organization.
 

Restriction of electronic wallets

The limit of one wallet of a separate user should not exceed 100,000 rubles. The operator of electronic money can demand from the client the installation of personal data, if the monthly payment will exceed 40 thousand rubles, and the amount of savings - not more than 15 thousand rubles.
 

Derivation of funds

The law on electronic money establishes the procedure for issuing money, for which it is necessary to provide documents confirming the identity. If the wallet user does not want to "find himself" and wants to save his name, then he will be allowed to transfer money from the e-wallet only in an insignificant form to the bank account. And if the client does not want to hide their passport data, he will be able to claim cash.
 

International payment systems under the terms of the new law

All foreign and international payment systems will now be under the control of the Central Bank. They must agree on the standards with the regulator and go through the mandatory registration.
 

Analysts conclusions

As experts believe, innovations also touch on traders, because they have a direct attitude to the electronic payment system, and, presumably, they have to wait for the Russian legislation to demand payment of taxes on the received profit.

Many analysts have predicted that in connection with the introduction of the new law on payment systems, many Russian resources, both traditional and electronic, will cease to exist. And this is really happening. Many users of electronic money did not want to give up their privacy and stopped using such systems. No customers - no system, and the process of closing payment networks continues. New requirements prohibit hidden payments, but it does not apply to non-residents and non-commercial systems. More than that, it changes the ban on ordinary money transfers. The only thing left untouched was the operation with the replenishment of the purse and calculations for services.

It is unlikely that such restrictions, as savings not more than 15 thousand rubles, and expenses per month not more than 45 thousand. rubles without identification, which can satisfy Russians who are users of virtual money. And even after the presentation of passport data restrictions remain, only slightly increased by 60 and 200 thousand rubles, respectively. To go through the personal identification procedure, you still need to communicate your mobile phone and identification number or these medical insurance policies. Will the new law be clear? The law should protect and protect the citizen, contribute to the development of business. But what happens with the new law on electronic money? Does it perform its direct functions? In fact, Russian financial institutions did not rely on reliable protection, and more precisely on an undefined position.

By the way, the speech goes not so much about the undesirable restrictions, but about how they are presented. There is an impression that they were compiled specifically for it, that their formulation could be interpreted differently, as to whom it is useful. It is difficult to understand how the initiators of this law really pursued the goal. After all, it is impossible to be here and talk about the improvement of legislation.

Introduction of additional requirements for the issuance of special licenses and other restrictions, the meaning of which is understood only by the authors of the laws, forces many companies to actually reduce the range of services (for example, "," Yandex.Day "). electronic payment systems, for the development of which were spent a lot of money.