Russians urged to reject cash to slow coronavirus spread

Russia has urged consumers and businesses to use digital payments rather than cash in an effort to slow the spread of the coronavirus and told banks to limit ruble notes in circulation.

Consumer safety watchdog Rospotrebnadzor this month encouraged Russians to move to cashless payments, citing World Health Organization guidelines stating that a virus can linger on a banknote for three to four days.

The Central Bank already keeps banknotes for up to 14 days before distributing them and is now asking other banks to do the same, said Vladimir Demidenko, deputy head of its cash circulation department.

Russians urged to reject cash to slow coronavirus spreadRead More
Topics: E-Payment, Fintech, News, Payments, Retail
Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.