The Central Bank of Russia published the outcomes of its discussion paper on the cash-in-transit market, reporting broad support from the professional community for additional regulation to create a level playing field. It signalled plans to widen the regulatory perimeter beyond banks to other cash-in-transit service providers, supported by a register and enforcement against unregistered operators. Participants endorsed the paper’s diagnosis of lower availability of cash-in-transit services in some regions, alongside intensifying unfair competition and labour shortages. The central bank intends to create conditions for more companies to operate in the market, keep a register of providers, and establish liability for firms that provide these services without being recorded, with the stated aim of countering unfair competition and improving accessibility, including in remote areas.
Central Bank of Russia 2025-03-06
Central Bank of Russia plans to expand cash-in-transit regulation beyond banks and introduce a provider register
The Central Bank of Russia plans to expand regulation in the cash-in-transit market to include non-bank service providers, supported by a register and enforcement against unregistered operators. This follows broad support for additional regulation to address unfair competition, labour shortages, and service availability issues. The initiative aims to enhance market accessibility, particularly in remote areas.