LIfe Pay Service for contactless payment of goods and services

Main article: Near Field Communication (NFC)

2022: Development of a service for contactless payment of goods and services

LIfe Pay on May 23, 2022 announced the completion of the development of a service for contactless payment for goods and services. It can now be done through Fast payment system using a Telegram bot and NFC microchip.

The principle of its operation is simple and understandable, but the main thing is to ensure transparency and transaction security.

If the client agrees to make a purchase by non-cash means, then it will be enough for the cashier to collect the amount of the order at the checkout (to receive fiscal check within the framework of 54-FZ) and duplicate it in dialogue with Telegram- a bot that will form a payment link.

At the same time, two options for making a quick payment are offered - with using a static QR code or NFC microchip that helps keep your custom touch payment habit [[mobile phone 'mobile phone]].

In the first option, it will be enough for a person to scan the QR code and pay the amount sent by the cashier in the bot.

With NFC microchip, the number of operations, and therefore the time of payment is shrinking. A small chip tag is located at the cash register and works according to analogies with Apple Pay and Google Pay services: the client will have enough bring the phone to her to activate and bank application make a transaction.

Thanks to the Telegram bot, the cashier will have the option of checking the status accounts. It will receive instant notification of a successful transaction and will be able to close the sale. If the payment has not passed, then the bot will give corresponding signal. In this case, the cashier can control each selling to reduce the risk of fraud and human error.

Using a QR code, you can also pay for purchases on the Internet - a bot will help generate a link to send to the client in any convenient messenger.

The fast payment system of the Bank of Russia allows more than two hundred banks to pay for goods and services through mobile applications. You do not need a credit card to use - payments go directly from client to seller.

The service from LIFE PAY should help business reduce costs and increase the cross-country ability of the outlet. The company's experts expect that with their service the share of receiving payments through the SBP will increase by 30%.

LIFE PAY also provides solutions that will ensure that payment is accepted by the phone without a Telegram bot, on any cash systems or in the SoftPOS payment application.

According to information for July 2022, a special microchip for payment through the SBP also works in conjunction with cash software and allows you to accept payment using the method familiar to the cashier. The product has shown its demand in the market: during the month of working with the product, LIFE PAY employees received 4070 applications, and 32 large retailers are actively discussing cooperation and expect integration. Its relevance in the retail sales segment among small and medium-sized businesses was especially noted. Microchip allows you to save on acquiring and cash equipment (microchip for one workplace is provided free of charge). At the same time, buyers retained their payment habit by touching the phone, as was the case with Apple Pay and Google Pay, which left the Russian market.