"Sberbank has a working platform - multi-QR.
Posted: Mon Jan 20, 2025 3:54 am
time a new participant enters the consortium."
According to a representative of the press service of T-Bank, the unequal distribution of votes is due to the agreement under which Sberbank transfers all rights to the consortium to the multi-QR technology, which underlies the infrastructure of the single QR code, and the volume of investments already made. However, he noted that decisions in the consortium will be made collectively and none of the participants will be able to make them alone.
We have been developin g it since 2019 bahamas whatsapp number databa se as part of the SberPay family, which also includes online payment without entering card details, payment using NFC and payment by biometrics. The SberPay family continues to show excellent dynamics. Since the beginning of the year, the pool of partners for the multi-QR platform has expanded to 18 banks. Negotiations are underway with six more financial institutions. We expect that by the end of the year the number of partners will grow to 22-23. The banking community is in dialogue with the Bank of Russia on how to implement a single solution for QR code payment. The main goal is to make it convenient for people," Dmitry Malykh told a ComNews correspondent.
System of Fast Payments are piloting a project to implement a single payment QR based on the fast payment system. However, according to him, the banking community offers an alternative solution that will allow not to abandon one or another platform existing on the market.
"For this purpose, Sber, Alfa-Bank and T-Bank decided to create a consortium. Banks have more experience, knowledge and expertise in innovations, development and implementation of technologies in the commercial sector is fast and efficient. The multi-QR platform has been developing for more than 5 years, and now unites 18 banks, which is almost 89% of all emissions on the Russian market. If we lay the foundation of this infrastructure together, then it will be much easier to implement new functionality, scenarios and get excellent results for clients tomorrow. Based on the interface of a single platform, you can do truly breakthrough things," said Dmitry Malykh.
"A single QR from a consortium of banks should become a "key" for customers to various payment methods of any banks, and will also provide the opportunity to pay using additional services, such as installments, BNPL, and so on. The customer will be able to choose the payment method that is convenient and profitable for them at the moment in a particular store. At the same time, it is important for us to give customers new options when paying - for example, to leave tips, use special loyalty programs, and also to personalize their payment experience - to set up remembering the last payment method or displaying personalized cashback," said a representative of the press service of T-Bank.
Dmitry Malykh said that negotiations are currently underway with several banks about joining the consortium, but their names have not yet been disclosed.
A representative of the Alfa-Bank press service did not answer questions from a ComNews correspondent.
A representative of the press service of PJSC MTS Bank noted that the emergence of the consortium will contribute to the development of the entire fintech industry, and increased competitiveness in the payment market will have a fruitful effect on the functional development of products. According to him, MTS Bank is considering any options for cooperation.
According to a representative of the press service of T-Bank, the unequal distribution of votes is due to the agreement under which Sberbank transfers all rights to the consortium to the multi-QR technology, which underlies the infrastructure of the single QR code, and the volume of investments already made. However, he noted that decisions in the consortium will be made collectively and none of the participants will be able to make them alone.
We have been developin g it since 2019 bahamas whatsapp number databa se as part of the SberPay family, which also includes online payment without entering card details, payment using NFC and payment by biometrics. The SberPay family continues to show excellent dynamics. Since the beginning of the year, the pool of partners for the multi-QR platform has expanded to 18 banks. Negotiations are underway with six more financial institutions. We expect that by the end of the year the number of partners will grow to 22-23. The banking community is in dialogue with the Bank of Russia on how to implement a single solution for QR code payment. The main goal is to make it convenient for people," Dmitry Malykh told a ComNews correspondent.
System of Fast Payments are piloting a project to implement a single payment QR based on the fast payment system. However, according to him, the banking community offers an alternative solution that will allow not to abandon one or another platform existing on the market.
"For this purpose, Sber, Alfa-Bank and T-Bank decided to create a consortium. Banks have more experience, knowledge and expertise in innovations, development and implementation of technologies in the commercial sector is fast and efficient. The multi-QR platform has been developing for more than 5 years, and now unites 18 banks, which is almost 89% of all emissions on the Russian market. If we lay the foundation of this infrastructure together, then it will be much easier to implement new functionality, scenarios and get excellent results for clients tomorrow. Based on the interface of a single platform, you can do truly breakthrough things," said Dmitry Malykh.
"A single QR from a consortium of banks should become a "key" for customers to various payment methods of any banks, and will also provide the opportunity to pay using additional services, such as installments, BNPL, and so on. The customer will be able to choose the payment method that is convenient and profitable for them at the moment in a particular store. At the same time, it is important for us to give customers new options when paying - for example, to leave tips, use special loyalty programs, and also to personalize their payment experience - to set up remembering the last payment method or displaying personalized cashback," said a representative of the press service of T-Bank.
Dmitry Malykh said that negotiations are currently underway with several banks about joining the consortium, but their names have not yet been disclosed.
A representative of the Alfa-Bank press service did not answer questions from a ComNews correspondent.
A representative of the press service of PJSC MTS Bank noted that the emergence of the consortium will contribute to the development of the entire fintech industry, and increased competitiveness in the payment market will have a fruitful effect on the functional development of products. According to him, MTS Bank is considering any options for cooperation.