Overview

• At the Bank of Russia’s Finopolis forum on Wednesday, Nabiullina said the practice often described as employer‑tied “banking slavery” has nearly receded.
• She said technology has intensified competition and made it easier for people to choose and switch financial organizations when better services are available.
• Non‑cash payments now account for 87.5% of transactions in Russia, a level she said places the country among the top five large economies by this measure.
• Russians now obtain 88.5% of financial services in digital form, according to figures she cited.
• Nabiullina moderated a plenary on the national digital financial infrastructure (CIFRa) as Finopolis convened to examine how innovation serves the economy and citizens.