right to choose
Nikolai Volosevich noted that cooperation between banks is an important step in the development of the entire payment market in Russia.
“Different QR codes give the customer a choice; can choose the most convenient and convenient payment method. “The development of our solution contributes to the creation of a unified customer experience,” said the head of the department responsible for the development of transactional products at Alfa-Bank.
Nikolai Volosevich emphasized that the system is completely open to other market players; They can participate in the new payment technology as a participant or full-fledged partner or founder-investor. Participants will have access to all technologies and will be able to develop their own solutions based on the project infrastructure.
Press service of Alfa-Bank
“Cooperation between banks expands opportunities and opens new horizons for users, trade and service businesses, and also contributes to the creation of an equitable and open infrastructure for the development of payment systems for participating banks,” he said.
In December, another step was taken in the development of cooperation; The banks approved a road map and signed an agreement on the development of a joint project. A legal entity will be registered in the near future – candidates for the positions of CEO and CTO of the company have already been approved.
Equal participation of the parties
Economist Andrei Barkhota believes that the creation of a legal entity will allow banks to create a processing center, a common infrastructure platform, including IT, that will process data and develop new payment solutions.
“This step is appropriate because these banks have a very large customer base and each of them uses different integration and IT solutions,” the expert believes.
Nikolai Volosevich called the most important principle of the project self-sufficiency of project participants.
“This approach ensures equal participation of all parties in project management and eliminates the possibility of dominance by one of the participants,” explained Nikolai Volosevich.
Evgeny Biyatov/RIA Novosti
He added that the multi-QR project will serve as the independent operator of QR payment technologies and that an independent IT team has been created for this purpose. A special council will be created to take into account the interests of all participants.
Already in the first half of 2025, banks plan to transfer the processes in the existing solution from Sber and start operating on a new legal entity.
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Source: Gazeta
Jackson Ruhl is a tech and sci-fi expert, who writes for “Social Bites”. He brings his readers the latest news and developments from the world of technology and science fiction.