SBP will introduce smartphone payment similar to Apple Pay

SBP will introduce smartphone payment similar to Apple Pay

The largest banks are in a hurry to implement a new functionality for paying for purchases through the fast payment system (FPS) – by analogy with the usual Apple Pay or Google Pay.

VTB, Novikombank, PSB, UBRD, Absolut, MKB, RSHB, Rosbank, Zenit, Renaissance Credit, MTS-Bank plan to connect to the SBPey application through which this function is implemented, during the first quarter of 2022 and Post Bank, Izvestia was told in credit institutions.

“Today, customers of retail outlets are used to quickly paying for goods and services using various Pay-services. The SBPey application will implement a payment method that will be just as simple and convenient for the user. To pay, you just need to attach a smartphone with the SBPey application to a special tag or other device that transmits the SBP payment link using NFC technology,” the National Payment Card System (SBP clearing center) noted.

In 2021, the service of paying for goods and services through the SBP (C2B payments) showed rapid growth, calculated for Izvestia in the Central Bank: last year, citizens used it more than 13 million times, paying for goods and services worth more than 60 billion rubles. This is 19 times the number and 16 times the volume of 2020, the regulator said.

Read more in the exclusive Izvestia article:

NFC – aptly: SBP introduces payment by smartphone, similar to Apple Pay

Source: IZ

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts