Translation. Region: Russian Federation –
Source: Central Bank of Russia –
The Bank of Russia has sent proposals to the Russian Ministry of Finance to change legislation concerning the use of QR codes when paying for purchases and services. According to them, banks will have to use only a universal QR code based on the solution of the National Payment Card System (NSPK).
The universal QR code of the NSPK will allow accepting all types of payments, including payment solutions of banks (pay services), SBP, and in the future — the digital ruble. It will also provide support for bank loyalty programs and cashbacks. The implementation of this solution will minimize the costs of banks and trading companies for connecting various payment instruments.
Such a step will also promote the development of competition in this area and will provide all banks, both large and small, with equal conditions for connecting to the NSPK infrastructure and interacting with it.
The document assumes that all IT systems of banks and technical devices (trading terminals and others) that are associated with accepting payments must support payment using the universal NSPK QR code.
Preview photo: Mr Aesthetics / Shutterstock / Fotodom
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.