The System for Transfer of Financial Messages (Russian: Система передачи финансовых сообщений, romanized: Sistema peredachi finansovykh soobscheniy), abbreviated SPFS (Russian: СПФС), is a Russian equivalent of the SWIFT financial transfer system, developed by the Central Bank of Russia. [1]

Feb 13, 2025 · SPFS clients can send and monitor financial messages in SWIFT formats, use their proprietary formats, exchange ISO 20022 messages and manage the lists of counterparties and the types of financial messages to be received. Foreign users can connect to SPFS directly or via a Service Bureau.

Apr 29, 2022 · Russia is touting an alternative ruble-based payment system called the System for Transfer of Financial Messages (SPFS). The system was set up in 2014. In late April, the country's...

Mar 1, 2022 · What is SPFS? SPFS stands for System for Transfer of Financial Messages. SPFS was inaugurated by the Russian Central Bank and was launched in 2014 when the world threatened to put SWIFT sanctions due to the annexation of Crimea. It is a Russian equivalent of the SWIFT financial transfer system.

Nov 21, 2024 · Russia has used and promoted SPFS, designed as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, to maintain international financial connectivity, evade sanctions, and fund its war efort.

Feb 11, 2025 · Russia has used and promoted SPFS, designed as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, to maintain international financial connectivity, evade sanctions, and fund its war effort.

Feb 25, 2022 · The SPFS is the Russian equivalent of SWIFT and was developed by the Central Bank of Russia in 2014 after the United States government threatened to disconnect Russia from the SWIFT system.

The System for Transfer of Financial Messages (SPFS), Система передачи финансовых сообщений (СПФС), is an electronic communication system devised by the Central Bank of Russia as an alternative to the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.

Jan 18, 2024 · 20 countries have already joined the Financial Messaging System of the Bank of Russia (#SPFS), an alternative to #SWIFT as First Deputy Governor of the Bank of Russia Vladimir Chistyukhin reported at the RUSSIA #EXPO. The new system already includes 557 banks and… pic.twitter.com/9BC2VNd1qV.

May 1, 2024 · The Russian Central Bank announced in January 2024 that 557 financial institutions and firms in 20 countries had connected successfully to SPFS (Logirus, January 18). This alternative payment ecosystem includes payment cards for regular users.