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About REMA

The Russian Electronic Money and Remittance Association (REMA) is an industrial association founded in 2010, it represents the largest players in the e-money and payment industry, collectively representing about 80% of the Russian market. The Association was initially established by i-Free, WebMoney, Yandex.Money, payment service QIWI, national industrial associations NAUMIR and NAUET.

Main goal of REMA is ensuring sustainability of e-money market. In order to achieve that, we are engaged in the following activities

  • the development of regulation that creates favorable conditions for the evolution of the industry,

  • interaction between market participants and between market participants and other economic entities and government agencies,

  • popularization of electronic money services,

  • improving market transparency, and best business practices development.

The Association participates in a number of executive authorities’ advisory platforms: the Advisory Council under the Interdepartmental Commission on AML/CFT (Federal Financial Monitoring Service), the Interdepartmental Council for optimizing payment turnover in the Russian Federation (Ministry of Finance), and the Subcommittee No. 5 "Mobile payments" of the Technical Committee for standardization "Standards of financial operations" (Bank of Russia). The President of the REMA is a co-chair of the Working Group on simplified identification under the Federal Financial Monitoring Service. We are also working with the Moscow city Government on the implementation of the information system of Registration of charges and payments and the Unified payment gateway of the Moscow portal of State services.

The Association is a member of FATF Consultative Forum. REMA participated in the preparation of the first and second editions of the FATF AML/CFT and Financial Inclusion Guidelines.  

Since 2009, the REMA has signed memorandums of cooperation and interaction with the Federal financial monitoring service and the non-profit partnership "National Payment Council".


As part of Association activities, we analyze legal acts, identify legal conflicts, inaccuracies and gaps in the legislation. The Association also analyzes draft legislative and bylaws, and informs the government departments about the Association’s members’ general position on their regulatory initiatives.

We prepare analytical materials on current issues. Association experts regularly publish analytical articles in academic journals.  

The Association is a regular participant in most Russian and a number of international specialized events on electronic payments, payment cards, e-money, innovative financial services and financial inclusion.   

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