A7 Expands India Payments, Volume Up 60%
On 5‑6 November 2026, at the Unchained Summit India in Mumbai, Russian fintech company A7 announced plans to broaden its cross‑border payment options for businesses trading between India and Russia. The company presented an invoice‑service that enables buyers to settle invoices in the stablecoin USDT while overseas suppliers receive the funds in US dollars, euros, Chinese yuan or UAE dirhams directly into their bank accounts, eliminating the need for a cryptocurrency wallet.
According to A7’s internal data, the volume of payments it processed to India from January to August 2026 was 60 % higher than the total volume it processed to India for the entire 2025 calendar year.
A7 International, launched in October 2026, underpins this service and was a Bronze Sponsor of the summit, with A7 representatives discussing the offering at its exhibition stand.
In parallel, A7 is exploring a separate payment system that would allow individuals in India and Russia to transfer funds in their respective national currencies through local partner banks. PSB Bank Chairman Petr Fradkov presented this proposal to Prime Minister Narendra Modi at the INNOPROM India exhibition in New Delhi in September 2026. The pilot will initially involve Indian students and workers in Russia, supporting tuition, accommodation, medical payments, salaries, scholarships and personal transfers.
During his December 2025 visit to India, Russian President Vladimir Putin noted that national currencies already accounted for 96 % of commercial payments between the two countries.
About A7: Established in 2024 with participation from state‑owned PSB Bank, A7 describes itself as Russia’s largest payment agent. The firm processed more than $110 billion in payments in 2025, representing approximately 19 % of Russian businesses’ foreign‑trade settlements. Its network spans over 100 countries and serves roughly 15,000 corporate clients.