Sber announced that very soon, already in the fall, a ruble transfer service for individuals to China to local bank cards will be launched.
The maximum transfer amount per day will be 300 thousand rubles (minimum transfer amount – 3.5 thousand rubles), per month – 700 thousand rubles. The commission will be typical for cross-border transfers – 1%.
We expect the translation service to be in demand.
Given that China has become Russia's main trading partner since last year, such transfers may indeed be in high demand. Sber also noted that cross-border transfers are currently carried out to more than 11 countries. Including to India – in rupees and to Belarus – in Belarusian rubles.