Main menu

About REMA

REMA was founded in 2010 and represents the largest players in the electronic money and remittances sector. The Association was established by i-Free, WebMoney, Yandex.Money, payment service QIWI, national industrial Associations Russian Microfinance Center and National E-commerce Association and now has 14 members.

The main goal of REMA is a stable development of the of electronic money and remittance market. REMA contributes to the development of legislation that ensures stable, efficient and secure growth of the industry, participates in a dialogue among the market participants and between the private and public sector, promotes electronic money and remittance services. We also lobby for market transparency and participate in elaboration of the best business practices.

REMA is actively involved in a number of public consultative bodies, including Consultative Council under the Interdepartmental Commission on AML/CFT (Federal Financial Monitoring Service), the Interdepartmental Council on optimizing payment transactions in the Russian Federation (Ministry of Finance), Subcommittee No. 5 "Mobile payments" of the Technical Committee on standardization "Standards of financial operations" (Bank of Russia). President of REMA is the co-chair of the working group on the simplified identification with the Federal Financial Monitoring Service.

REMA takes part in consultations with the private sector within the Financial Action Task Force on Money Laundering (FATF). With the participation of REMA, the FATF prepared the first and the second edition of the guideline of AML/CFT and financial inclusion, REAM also contributed to several other FATF Guidance documents.

Since 2009, REMA has signed a Memorandum of cooperation and interaction with the Federal Financial Monitoring Service and non-commercial partnership "National Payments Council".

REMA also works with the draft legislation and by-laws, and participates in a dialogue with the public sector as a voice of the industry.

REMA experts also regularly publish analytical articles in professional journals, members of REMA are members of the editorial Board of the Financial Regulation International (InformaLawUK) journal as regional authors.

REMA speakers are represented at the majority of Russian and a number of international specialized events on e-payments, payment cards, electronic money, innovative financial services and financial inclusion. REMA also acts as a strategic partner in a number of events according to agreements with the organizers.