The latest innovation from Sberbank of Russia is making cash deliveries via drone. The first deputy chairman of Sberbank, Lev Khasis posted on Facebook that a drone successfully completed a 10km cash delivery at a speed of around 180kmh. The journey was made from a cash centre to a cash in transit vehicle.
Sberbank hopes to expand the drone offering into Tatarstan next month. This is a republic with a modern infrastructure, but relatively low population density. Following successful trials, the drone service would likely be expanded to other parts of the Russian Federation.
In 2016, Sberbank’s President, German Gref stated that Sberbank wanted to move away from using banking cards and introduce ATMs that used voice and facial recognition.
This demonstration of intent to invest in new technologies, whilst at the same time focussing on cash availability is very encouraging for the cash industry and beneficial for the Russian public. Russia would appear to have no time for the so-called ‘death of cash’.
Sberbank is Russia’s largest bank with 16,000 branches, 75,000 ATMs and 260,000 employees across 11 time zones.