Leader Payment System

Founded in 2003, the Leader Payment System was a significant player in the Russian and Commonwealth of Independent States (CIS) market for international money transfers. Operated by the Non-bank credit institution "LIDER" (JSC), it provided a network for individuals to send and receive funds across numerous countries without needing a bank account. At its peak, its network included thousands of service points. However, the Central Bank of Russia revoked its license in 2020 due to repeated violations of anti-money laundering and counter-terrorist financing legislation, leading to the complete cessation of its operations.