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Russian payment system A7 introduces cross-border USDT-to-SWIFT transfer service

Russian payment platform A7, developed by Bank PSB, has unveiled A7 International to settle foreign counterparty invoices with USDT delivered as traditional SWIFT transfers.

Promotional graphic announcing the official launch of A7 International featuring an illustrated mascot in front of an international cityscape.
Image: @ManLyNFT

Russian payment system A7, built by Bank PSB, has launched a cross-border payment offering called A7 International. According to social media announcements by market commentators, the platform allows clients to pay foreign invoices using the stablecoin USDT, with recipient counterparties receiving conventional SWIFT transfers in their required currency.[1][2][3]

The service is slated to charge a flat transaction rate of 0.3%. While primarily aimed at companies engaged in foreign trade, private clients are also eligible to use the service.[1][2][3]

Petr Fradkov and Ilan Shor were scheduled to present the official launch of A7 International during a live broadcast on October 13 at 10:13 UTC, corresponding to 13:13 UTC+3.[1][2]

Key facts

  • A7 is a Russian payment system built by Bank PSB.
  • A7 International enables users to pay foreign invoices in USDT, which are delivered to the recipient as standard SWIFT transfers in the requested currency.
  • The service charges a flat fee of 0.3%.
  • The platform is aimed primarily at foreign trade businesses, but private clients are also eligible to use it.
  • Petr Fradkov and Ilan Shor were scheduled to introduce the service during a live launch presentation on October 13 at 10:13 UTC (13:13 UTC+3).

Sources · 3 sources

  1. CG

    Crypto GEMs 📈🚀@cryptogems555Post on X ·

    A new service from A7 is about to change the way international payments work. On 13 October the Russian system A7, built by Bank PSB, will present A7 International. Tune in live: https://t.co/nCP1B1Vjvs It enables payment of a foreign counterparty’s invoice in USDT, with the money arriving via a regular SWIFT transfer in the required currency. The offering is aimed chiefly at companies engaged in foreign trade, yet private clients are eligible as well. The rate remains a flat 0.3 %. Petr Fradkov and Ilan Shor will introduce the service on 13 October at 10:13 UTC.

    Open source
  2. MA

    ManLy@ManLyNFTPost on X ·

    A new service from A7 is about to change the way international payments work. On 13 October the Russian system A7, built by Bank PSB, will present A7 International. It enables payment of a foreign counterparty’s invoice in USDT, with the money arriving via a regular SWIFT transfer in the required currency. The offering is aimed chiefly at companies engaged in foreign trade, yet private clients are eligible as well. The rate remains a flat 0.3 % Petr Fradkov and Ilan Shor will introduce the service on 13 October at 10:13 UTC. Tune in live: https://t.co/yug7ZnEb26

    Open source
  3. M�

    Minister 🔮@MinisterrPost on X ·

    You can now pay invoices with USDT and the receiver will be able to get a normal SWIFT transaction. A7 launched this new service today with only a 0.3% flat fee. https://t.co/ycvzb0pRx0

    Open source