OTP Bank earned payment by QR code

2022: Connection of payment by QR code

OTP Bank on June 22, 2022 announced that it had connected a function that allows you to pay for purchases using a QR code through the SBP (fast payment system).

Now customers do not have to carry with them, card enough smartphone mobile application with OTP. Bank It is easy to make payments using a QR code: you need to open the bank's application, go to the "Payments" - "Payment by QR code" tab, scan the code and confirm payment. The second option is to scan the QR code with a camera or phone follow the payment link from the seller, confirm the opening of the OTP Bank mobile application, and confirm payment.

Payment using a QR code takes place instantly and without commission, and is already available in many stores. It is convenient and safe to make purchases using a QR code online, since now you do not need to enter your card information when paying.

Owners of Android smartphones can use this feature as early as June 2022, and for iOS users this feature will work in the near future.

2020: Connection to the SBP

On September 30, 2020, OTP Bank announced that all its clients will be able to transfer money to other banks by phone number through a mobile application or Internet bank using the Fast Payment System. The amount of transfers without commission to the accounts of other banks can reach 1 million rubles per month. As of September 2020, more than 150 Russian banks are participants in the Fast Payment System (FPS), this list is constantly expanding.

The project was implemented according to the in-house model: CFT technological modules are deployed on servers in the data center of OTP Bank JSC. Payments are sent by customers in an online bank for individuals and in mobile applications on iOS and Android platforms. Processing of outgoing and incoming payments, liquidity management are carried out in the CFT-Bank system.

Transfers to SBP are available to all bank customers without additional connection. To send a transfer, you need to open the corresponding section in the mobile bank and select the recipient from the telephone directory, or enter the number manually. According to any instructions and questions related to transfers in the Fast Payment System, OTP customers will be consulted around the clock in the chatbot of the mobile application.

To quickly receive funds, it is recommended to mark the OTP as your favorite bank in the mobile application. In this case, senders will immediately see the Bank in the first place in the list of possible accounts for transfer.

Connecting to the Fast Payment System is another step for OTP in creating an online space for our customers, where managing finances is simple, fast and convenient. We continue to develop our mobile application and will soon offer our customers payment for goods and services using a QR code, - commented Rostislav Yanykin, Deputy Chairman of the Management Board of OTP Bank.