The Russian Standard bank provided connection of Strelka bar for payment acceptance in SBP using the QR code

2019: Technical readiness for start of payments by the QR code in SBP

On August 1, 2019 the Bank Russian Standard reported that it provided technical readiness of connection of the client legal entity - a moskovskogobar of Shooter – to service of payment acceptance by the QR code in the System of fast payments of the Bank of Russia (SBP). From coming into force of changes in Provision of the Bank of Russia of 7/6/2017 No. 595-P "About payment system of the Bank of Russia", providing opportunity to register in SBP payments for benefit of legal entities, guests of Arrow will be able to pay the bill using this technology. It is going to start c2b transfers to SBP using the QR code until the end of 2019.

The technology of payment of goods and services using the QR code is very simple and reminds other services of contactless payments. The buyer will need to select payment through SBP, then to scan the QR code through mobile application of the bank on the smartphone and to confirm payment in the application. Money from the account of the buyer will arrive into the account of trade enterprise practically right after purchase commission.

Payment of goods and services using the QR code gains popularity more and more worldwide. In Russia clients of SBP participating banks will be able to carry out such payment quickly and safely directly from mobile application of the bank,

Emergence of service of c2b-transfers by the QR code through SBP considerably will lower costs for trade and service companies and is one more channel of non-cash payments along with cards. Cost reduction always positively affects the offer for the end consumer, emphasized Inna Yemelyanova, the director of the department of acquiring of Bank Russian Standard