Russia Launches Unified QR Code for Payments
The National Payment Card System (NСПК) introduced a unified QR code design for payments across Russia, set to replace various existing QR codes starting September 1, enabling users to choose from multiple payment methods including the digital ruble, fast payment system, bank services, and installment plans.
Consensus
- A unified visual design for the universal QR code has been introduced by the National Payment Card System (NСПК).
- The new QR code will be used for payments of goods and services across Russia starting September 1.
- The unified QR code will replace various existing QR codes and standardize payment operations.
- Users will be able to choose between multiple payment methods via the universal QR code, including the Fast Payment System (СБП), bank payment services, installment services, and the digital ruble.
- Cashback and loyalty bonuses will be preserved when using the universal QR code.
- Payment terminals with QR codes or NFC tags used for СБП will be affected by the change.
- The transition to the new design will be gradual, with businesses allowed to continue using old-style tags until July 2027.
- Banks will implement the necessary changes independently, without requiring additional actions from businesses.
- All major Russian banks are ready to support the digital ruble from September 1.
- The digital ruble will be accessible to clients of 12 systemically significant credit institutions, covering over 80% of the payment market.
- The digital ruble will be free for individuals and have low fees for companies.
- The Central Bank will not take measures against credit institutions that fail to transition to the universal QR code before March 1, 2027.
Points of divergence
- The Central Bank will not take action against credit institutions that fail to transition to the unified QR code until March 1, 2027. — vedomosti
- The unified QR code has been officially approved in its visual style. — tg_rian_ru
Coverage (2 sources)
- NSPK implemented a unified design for a universal QR code — Ведомости
- Thus looks the universal QR code – its unified style has been approved. — РИА Новости (Telegram)