The interaction tests were conducted as part of the launch of an instant cashback system announced for late 2023.

MOSCOW. 2 April 2024. Right line, a leading developer of solutions for the financial sector, announces the successful completion of testing of the SBP Connect solution for ‘Cashback Payment’ and ‘Cashback Return’ banking transaction scenarios in the Instant Cashback System (ICS). The results of the tests confirmed the full compliance of the solution with all the requirements of the OPCC SBP standard.

The tests were conducted as part of the launch of instant online cashback service when paying for goods and services via SBP from 1 April 2024. In the course of the tests ‘SBP Connect’ evaluated the performance of the solution when carrying out transactions SBP B2C ‘Cashback payment’ and SBP C2B ‘Cashback return’ in the role of the Payer’s Bank and the Beneficiary’s Bank.

In order to implement the new service and ensure kashback payments, banks will need certain technical improvements. The Right line solution meets the requirements of the SBP OPCC and is able to provide banks with the implementation of various transfer scenarios, including the payment and return of cashback.

Online cashback when paying via SBP will give users the opportunity to receive instant payments, which will be credited to their account immediately after the payment is made. The new feature in the Quick Payment System will make the payment process more favourable for all participants.

Mikhail Zubakin, Director of Right line Payment Systems Department: ‘Already from the beginning of April this year customers will have access to instant cashback when paying for purchases via the Quick Payment System. If previously the majority of users made purchases with cards, focusing on the benefit in the form of good cashback and special promotions from banks, the new scenarios of cashback will certainly be no less attractive and we believe that in the near future the number of C2B transactions through the FPS will grow significantly’.

The fast payment system was launched in February 2019. By the end of 2023, the volume of transactions through SBP exceeded 7bn (worth over RUB 31 trillion).