Banking analysts predict growth in international money transfers in the Russian market


December 3 15:40
According to VTB forecasts, in 2026 the volume of cross-border transfers from the bank’s retail clients will double.
The basis for such growth will be the expansion of the number of directions for instant transfers and accessible services, he said at the 16th VTB Investment Forum “RUSSIA CALLING!” Senior Vice President, Head of VTB Retail Business Products Department Alexey Okhorzin.
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The current dynamics reflect the possibility of market growth: over 11 months of 2025, VTB retail clients made more than 9 million cross-border transfers to foreign countries, which is 5 times more than during the same period in 2024. The volume of such operations increased 5.5 times.
The main purposes of transfers are to help family and friends, pay for foreign services, purchase goods and services, as well as transfer money to your foreign account for travel and replenishing wallets.
Most often, users make transactions in Tajikistan, Uzbekistan, Kyrgyzstan, Belarus, and Kazakhstan. The average bill for one transaction is 26 thousand rubles, each client makes 3 transactions per month. 150 countries around the world are available for transfers.
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