A representative of the VTB press service said that VTB r

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"VTB supports the project initiated by the Central Bank of the Russian Federation and the National Payment Card System (NSPK) to create a universal QR code and is actively participating in it. At the moment, the bank has already connected some of VTB's corporate clients, including large retail chains, to this payment technology," the bank said in a statement on its website.

etail clients can pay for armenia whatsapp number databa se goods and services using a universal QR code through the fast payment system in stores that have switched to the universal code. According to him, the universal QR code opens up prospects for simplifying payments and increasing the competitiveness of the payment market.

According to a representative of the Central Bank's press service, the new QR code is a standard similar to the Bank of Russia's payment system, the financial message transfer system, and the bank card standard. There should be one standard so that all market participants, regardless of size, can use it.

"The creation of a universal QR code is a response to market demand," said a representative of the NSPK press service. "In early November 2023, at the Finopolis forum, banks made a request to develop a new target solution and supported the Bank of Russia's initiative to introduce a universal QR code for paying for purchases. NSPK developed a universal QR code in less than a year, and a pilot project for its implementation was launched in June 2024. The technological solution was created with the participation of all parties - banks, NSPK and the Bank of Russia. The universal QR will allow customers to make purchases without thinking about how to scan the QR code: with a standard phone camera or with the camera of a specific payment application."

A representative of the NSPK press service noted that 22 banks and more than 680 thousand retail outlets are participating in the pilot project to implement a universal QR code. NSPK plans to complete this process in the entire SBP acquiring network (205 banks and more than 4.7 million retail outlets) by mid-October.

"Connection to the universal QR code occurs through the NSPK infrastructure - equally accessible and equidistant for all market participants. This provides an opportunity for fair competition between financial institutions when connecting. For banks that work only with the SBP (and do not work with other payment services), connection to the service will not require technical modifications and associated financial costs. Credit institutions that have their own payment services and will continue to conduct transactions with digital rubles will only need to make minor technical modifications. In addition, banks can create new commercial payment services based on the universal QR code," said a representative of the NSPK press service.

The representative of the Central Bank press service shares the same opinion. According to him, the universal QR code should be based on the decision of the NSPK, since it is not a bank, but an equidistant infrastructure that can provide all banks with equal conditions for transparent and uniform tariffs. He noted that no private player can provide such conditions, since the interests of a market player will always prevail over the interests of other participants.

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