Wednesday, 7 October 2026

Savings Bank of the USSR advertises cashless payments on the back of a 1990 issue of the Ogonyok Library

Back cover of a 1990 booklet with text in a red frame about cashless payments by the public through the Savings Bank of the USSR.

1990: Sberbank of the USSR advertises cashless payment (the advertisement itself is on the back of an Ogonyok poetry collection, incidentally). As you can see, the automatic payment of utility bills was invented long before debit cards became ubiquitous and Sberbank Online was ever thought of.

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