Industry development

Government relations

We work with the Bank of Russia, the Federal financial monitoring service, The state Duma Committee on financial markets and other regulators, including abroad, to ensure a balanced approach to regulating the industry

 

The Association is also a member of key Advisory bodies in the financial market: the Presidium of the Advisory Council at the Federal financial monitoring service, the state Duma Expert Council on financial technologies.

We work with international organizations such as the Alliance for Financial Inclusion (AFI), the International Finance Corporation.

The Association actively cooperates with other industry associations – such as the National Payment Council and the Association of Russian Banks

MARKET INITIATIVES

The Association constantly monitors regulatory changes in the interests of our members. Our members get access to the most up-to-date information on legislation, we also consult companies on the regulatory issues.

We prepare proposals to optimize regulation and aggregate the market position on an ongoing basis.

The Association took an active part in the development of the Federal law "On the national payment system", the introduction of simplified and remote customer identification methods, and the development and optimization of e-money transfer rules.

At the request of our members, we hold seminars to discuss regulatory innovations.

BEST WORLD PRACTICES

The Association is a widely recognized center of competence on the world's best practices in the payment business and payment regulation. We provide our members with the best expertise in the market.

The Association prepared a number of analytical materials on open banking, regulatory sandboxes, EU Directive on payment accounts, ICO regulation and the international approach to customer identification. 

All our analytical materials are available HERE.

MARKET PRACTICES

The Association has prepared a number of self-regulatory initiatives. REMA developed Memorandum on "sleeping" e-wallets pricing, as well as Standards on videoidentification

We actively work with our members to optimize market practices for the benefit of clients and the professional community.

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