Russian economists criticized the recent actions of the Central Bank of the Russian Federation in the field of payment market.
Regarding this topic, the Russian newspaper “Banksta” wrote: German Gref, Vice President of the Bank of Russia, said that the bank crosses “all red lines and buoys” and poses “a threat to the country as a whole” by preventing the introduction of innovations through the monopoly of biometric payments.
Alexander Kalyakin, managing partner of Fintech Partners, supported Gref, noting that Sberbank’s actions set a high bar for innovation, while the Bank of Russia is trying to “stifle” them by making them available to the entire market.
Viktor Dostov, Chairman of the Council of the Association of Electronic Money Market Participants of the Bank of Russia, also agreed with the President of Sberbank.
According to him, the main task of the state is to ensure equal competition, but now there is a noticeable lack of support for private players in the market and the superiority of the infrastructure of the Central Bank.
