Vietnam vs Russia · Real-time payment systems compared
| Capability | NAPAS 247 | SBP |
|---|---|---|
| QR Code Payments | ✓ | ✓ |
| Wallet Support | — | — |
| 24/7 Availability | ✓ | ✓ |
| Cross-Border | — | ◐ |
| ISO 20022 | — | ✓ |
| Request to Pay | — | ✓ |
| Open API | ◐ | ◐ |
| Alias/Proxy | ✓ | ✓ |
Vietnam's 24/7 instant interbank transfer system operated by the National Payment Corporation of Vietnam (NAPAS) under State Bank of Vietnam oversight. NAPAS 247 connects all major domestic banks for real-time transfers via account number, card number, or phone number. The system has been a cornerstone of Vietnam's rapid cashless payment adoption, with the government targeting 80% of adults with bank accounts by 2025. It also supports QR payments through VietQR, an interoperable QR standard similar to Thailand's PromptPay QR.
Russia's System of Fast Payments (Sistema Bystrykh Platezhey, SBP) is the national instant-payments scheme launched by the Bank of Russia and NSPK in January 2019. It enables 24/7 real-time interbank credit transfers addressed by mobile phone number, plus QR-code payments to merchants (C2B), payouts from businesses to individuals (B2C), and cross-border transfers to CIS and friendly countries. The Bank of Russia acts as operator and settlement centre; NSPK provides operational and clearing infrastructure. Systemically important banks are mandated to participate; consumer transfers up to RUB 100,000/month are fee-free. Data transparency has decreased somewhat since 2022; the CBR continues to publish quarterly aggregate SBP statistics.