PayQR Payment service

PayQR is the free banking application for mobile phones allowing to make quickly and safely purchases in any places including online stores, restaurants and retail outlets. For commission of payment with PayQR it is enough to buyer to open the application on the phone, to point the phone camera at the QR code and to confirm purchases on the screen.

Service saves all payment data of clients at itself, at the same time guarantees their safety and safety of transactions. PayQR is certified according to the international standard of security in the field of processing and data storage of bank cards of PCI DSS 3.0 and is an operator on personal data processing according to requirements of Federal Law 152. The mechanics of functioning of the PayQR project is patented in the territory of the Russian Federation, codes projects are registered in FIPS and Library of Congress of the USA. PayQR is a participant of the Center of innovations and Skolkovo technologies. All calculations are provided with bank with the 20-year history of RNKO RIB LLC (the License of the Bank of Russia No. 2479-K).

Simplicity of their use became one of factors of the choice of QR codes as a method of payments for creators of the project. Practically all smartphones are suitable for reading of QR codes — only existence of the camera is required. Use of alternative technologies of contactless payments — for example, NFC — requires existence of the special chip in the device. According to the recent report of Euroset, in 2014 the share of sales of smartphones with support of NFC in Russia grew to 18% (whereas QR codes can read out up to 99% of devices). At the same time the device price with support of NFC on average twice high prices of the "normal" smartphone.

PayQR is mobile application on shopping online and offline through QR codes. Distinctive features of this group of applications are:

• orientation to QR codes as on the main interface of transfer of accounts;
• universality of the solution for online and offline - trade;
• automation of process of purchase for shops (in addition to implementation of money transfers, transfer of names, contacts and the addresses of buyers for registration of buyers in shops and also formations and deliveries of orders by shops).

The first documentary confirmed placement of the application in App Store – April, 2014. The first documentary confirmation of sending the application for consideration in App Store (under the previous trade name Scanopay) – December, 2013. The first agreements with trade and service companies – February, 2013.

About the Project:

For commission of payment with PayQR it is rather simple to buyer to open the application and to point the camera of the phone at a special barcode (QR code). It will be necessary only to select the bank card on the screen of phone further and to confirm transaction. If necessary the buyer can transfer to shop the additional information for delivery of the order – for example, a name, the phone number and the address.

QR codes are placed on any paper and electronic media in retail stores, restaurants and online stores. The payment service of PayQR the first in Russia implemented payment of purchases using QR codes and now is the leader in this industry. All used advanced technologies of the project are certified according to the international standard of security of PCI DSS.

The main interface of exchange of accounts between the buyer and the seller in PayQR is the most widespread and flexible interface – the QR code (a two-dimensional barcode) answering to the following criteria:

• The QR code can be applied with the minimum costs anywhere – on electronic, paper and any other forms of carriers. The seller does not need the special equipment for generation and drawing QR codes. Sellers can show the QR code on the screen of any device (the monitor of cash desk or the special display of cash desk, the tablet, the smartphone and so forth) and also to print it on checks and stickers, to place on advertizing booklets, banners and racks, on desktop plates, in magazines, on the websites and so on. In addition sellers can work in "reverse side" and to scan pre-paid QR codes of buyers standard scanners of cash desks.
• The buyer does not need the special equipment for reading of QR codes. For scanning of the QR code any phone with the camera suffices, and phones with the monochrome display are even suitable for demonstration of QR codes on the screen.
• The QR code does not impose any special software requirements. The buyer can consider QR codes of PayQR any QR reader on phone or the tablet even if on the device the PayQR application is not installed yet. The mobile web version of service allowing to use PayQR without installation of the application on any mobile device, including the platforms other than iOS, Android and Windows is provided in PayQR.

Today there is no more suitable interface for creation of the universal payment solution, than QR codes which are comfortably used both in online stores and mobile applications, and in retail outlets and HoReCa. So, NFC chips are absent in computers and notebooks therefore are inapplicable for e-commerce. To offline stores independently not to make and not to configure under the needs NFC tags whereas retailers and restaurants print QR codes independently in printing house or on own regular printers and the MFP without additional investments. The share of phones with support of NFC in Russia is also crucially small, in difference of phones with the camera which according to the statistics more than 99.9%.

Nevertheless, the letters QR in the name PayQR are not dependence on technology of QR coding, and mean an abbreviation from Quick Response ("a fast response"). In process of development of additional interfaces and the corresponding requirements in buyers and sellers of PayQR will expand number of available interfaces for information exchange, and NFC is already supported by PayQR on certain devices.

The PayQR project mission – to turn phone into the most widespread means of calculations. A project objective – to turn purchases from mobile phones into mass process, having saved people from need for bank plastic cards and cash as it is much more convenient and safer to make purchases using phone.

Among receivers of money there are Ginza Project, Biglion, Groupon, Toy Store, Moscow Metro, Euroset, Mosenergosbyt, housing and public utilities of Moscow, housing and public utilities of St. Petersburg, etc. For payment of receipts it is not necessary to go to banks any more and to stand in queues or to fill fields in Internet banks (less time for payment and the guaranteed lack of errors). For shopping in online stores it is not necessary to enter the same data (a name, a surname, phone, e-mail, a delivery address, etc.) upon each purchase in each online store any more (conversion funnels are eliminated, e-commerce develops). For payment of account at restaurant it is not necessary to call and wait for the waiter any more - it is possible "to close" the account and to perform payment at any time using the plate with the code of purchase PayQR on a table at restaurant (saves the 20th time for one visit to both the visitor, and the waiter). And so on, in each industry of PayQR bears the advantages both to consumers, and to receivers of money.