An increasing part of payments in Russia today is carried out in a non-cash way through plastic cards or electronic wallets, and meanwhile the infrastructure offers more and more new payment methods. According to RBC, Sberbank is on the way to expanding its functionality, an application is already being developed that allows you to pay for purchases in a store using a QR barcode – without using Visa, MasterCard and other payment systems.
The payment service through the QR barcode of Sberbank is similar to the Central Bank s developments in the form of the Fast Payment System (FPS), the pilot project of QR payments of which the Bank of Russia plans to introduce from August 30.
The principle of the service is that a person who decides to pay opens the bank s (service member s) application on his smartphone, selects the payment function via a QR barcode from Sberbank and, having scanned the barcode at the checkout, makes the payment. According to news reports, Sberbank plans to start promoting its service in August, but some sources say that the service will be launched in the fall.
At present, Sberbank has opened a discussion of the conditions for joining other banks to its service, to whom it is not specified, credit organizations have not yet commented on this issue.
The bottleneck of this project, which reduces the competitiveness of the Sberbank system, is the percentage, which will be 1% from each payment made using a QR barcode, and the tariff for trade enterprises and stores, as a result, may amount to about 1.5-2%. This tariff rate is equal to the commission for acquiring, and also several times (4-5 times) exceeds the possible commission withdrawn by the SBP from the Central Bank. What strategy for promoting the service Sberbank is planning to attract retail chains and stores to participate is still unclear, but, according to experts, banks participating in the service may be interested in a higher commission for payments, in comparison with SBP (for example, 1%, instead of – 0.1%).
In August, the Central Bank will start introducing its SBP, while it was previously reported that a commission of 0.4-0.5% is planned, which is an order of magnitude (3-4 times) less than accepting payment through acquiring by means of payment cards. The development of the SBP began in January 2019, at this stage the system allows transferring funds to customers of different banks using a mobile phone number. Currently, fourteen banks are working with the system, excluding Sberbank, since it has its own service for transfers to a mobile phone number.