The system will be running fast payment.

Russia will have a new system of quick payments, which will allow you to pay any purchases or services directly by phone number. A unique system will be developed in phases and will be fully operational by the fourth quarter of 2019.

To pay without a card

According to trusted sources, the Central Bank held a meeting dedicated to the system of quick payments and its implementation in Russia. At the meeting it became known that the system will start to unfold in Russia in the next year.

Initially the new system will allow the Russians to translate each other money by phone without a fee. In the future, will open the possibility of the implementation of transfers to legal entities, i.e. vendors. The settlement of Russians can be carried out on the telephone or with a special QR-code, which will be posted at the box office.

Such rapid payments the first year work in China and enjoy great popularity. The source stressed that the Central Bank adopts China’s experience in the mass use of QR codes in order to start the Russian system of quick payments with maximum efficiency.

The pilot launch of the faster payments system in Russia is scheduled for the second quarter of next year.

Source: RIA.

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