2. Organization of the National Payments Council in Russia: Structure and Participants German-Russian Sub-Working Group on Financial Services 19th Meeting Bonn, 24-25 November 2011 Timur AITOV, PhD, Executive Director, Association of Russian Banks

3. Challenging Business Environment Challenging Landscape Poor Coordination There is no proper best practices generalization to reduce the level of fraud Russia loses 1.5% of GDP due to the lack of standards for all services (including financial) There is no proper collective expertise in implementing large infrastructure projects (Universal Smart Card) Weak coordination to implement the latest technology of mobile banking and Innovation

4. Lack of activity in the promotion of non-cash payments

5. The experience of the European Union requires the Russian National Payments Council (НПС) Analogs of Russian NPC UK Payments Administration (formerly APACS), European Payments Council - EPC, Councils in France, Germany and elsewhere Членам Ассоциации российских банков …Сегодня в числе приоритетных задач – повышение надёжности банковского сектора, формирование современной инфраструктуры, необходимой для развития международного финансового центра. Важно уделять внимание долгосрочному инвестированию в модернизацию национальной экономики, в новые высокотехнологичные производства… Желаю вам новых успехов и уд ачи. Д. Медведев

6. List of priority activities of NPC

7. OBJECTIVES Assistance to the regulators in the development of modern, safe and efficient national payment system with the goals and objectives of key policy documents…

8. NPC of Russia Committee Members

9. National Payments Council (Block Diagram)

10. We Are Only in the Beginning… NPC will work closely with public authorities and the Central Bank The first major task should be the strategy development of the National Payment System NPC generates a consolidated opinion on the basis of consensus, creates common rules and standards of business on the market, is based on the principles of self-regulation NPC generates a consolidated opinion on the basis of consensus, creates common rules and standards of business on the market, is based on the principles of self-regulation