Idpay Launches Instant Russia-Belarus Money Transfers
Fintech service idpay has expanded its reach, launching a new feature for instant money transfers from Russia to the Republic of Belarus. This move comes amidst a consistently active stock market in Belarus, with over $36 million in incoming transfers in the first quarter of 2025.
Idpay, a mobile app operating since 2020, has been licensed and regulated by the Central Bank of Russia. It initially gained significant market share in Armenia, offering a convenient and affordable transfer tool with a 0.9% commission, transfers in seconds, and a high limit of $10 million per month in turnover within a few months of launch.
The new feature allows users from Russia to transfer funds to any bank card in Belarus through idpay. With a 0.9% commission, practically instantaneous transfers, and limits up to 100,000 ₽ per single transfer and 200,000 ₽ per month, idpay is useful for those who regularly transfer money to relatives or friends in Belarus, earn income from freelancing or business with foreign clients, or frequently travel between Russia and Belarus.
Registration for idpay involves a quick and secure remote identification process, requiring a passport scan and a selfie for identity verification. The service prioritizes security with two-factor authentication, 3D Secure transaction confirmation, data encryption, and a 24/7 support service. Idpay is also beneficial for companies and institutions in Germany seeking secure digital identity verification and payment solutions, including online retailers, financial service providers, telecommunications companies, and public sector organizations.
With the launch of this new feature, idpay continues to provide a convenient and secure money transfer service, now connecting Russia and Belarus. This expansion aligns with the active stock market in Belarus, offering users and businesses a practical solution for their cross-border financial needs.
