Raiffeisenbank connected Spar supermarkets to the System of fast payments

2020: Connection to SPB

Raiffeisenbank reported on December 24, 2020 about connection to c2b-transfers through the System of Fast Payments (SFP) of retail chain stores of SPAR in the Kaliningrad region. Due to integration with SBP clients of SPAR had an opportunity to pay the purchases for QR codes at the checkout of shops of the retailer and on his official site.

Connection of SPAR supermarket chain to SBP took place c use of the ready module of acceptance of payments on SBP for "Set Retail" from Crystal Service Integration (CSI) company, software developer for network retailers. The ready cash module for "Set Retail" independently creates the QR code and checks a payment status. It considerably reduces costs for integration with SBP as does not require completions and changes in technical infrastructure of the retailer.

At payment of goods at the checkout of SPAR supermarket the client needs to select a payment method through SBP and to scan the QR code. Then the client confirms payment of goods in the mobile application of bank supporting payment through SBP. The notification on transaction will instantly arrive both on phone of the buyer, and on cash desk of shop.

For buyers payment through SBP is free. Feature of this payment method is the speed of implementation of calculations. Money is charged off an account of the buyer and instantly credited to a checking account of the seller.

Raiffeisenbank actively integrates payment by the QR code with the companies from different sectors of economy. We offer corporate clients not only standardized, but also flexible IT solutions of payment by the QR code. Integration with "SetRetail" – a good example of such approach. For December, 2020 we the bank providing connection of SBP in solutions of CSI. We observe increase in demand from business for different scenarios of c2b-service and are sure that for SBP future the payment market — Georgy Konnov, the head on development of e-commerce of Raiffeisenbank commented.

Connection of business to SBP using the QR code allows to reduce considerably transaction costs for acquiring and also to optimize future equipment expenses of outlets stationary cash desks and payment terminals. Depending on category of the company, the fee for receiving payments will make from 0.4% to 0.7%. In grocery stores the size of the commission is 0.4% that it is 4 times more profitable than the acquiring commission on plastic cards.

For us connection of a system of fast payments is another step on the way of natural evolution towards technology development of the services and services. Residents of Kaliningrad already got used that retail chain stores of SPAR provide access to the last technologies used in trade: a big share of cash desks of self-service, online store with own delivery service, the multifunction loyalty program and now SBP, – the chief executive officer of retail chain stores of SPAR in the Kaliningrad region Anna Tyshchenko notes.