Citizens of Russia can obtain a new way to pay for purchases. They will be made by means of a personal QR code which is generated on the smartphone during purchases.

The possibility of introducing a new method of payment discussed by the representatives of the banks, according to “Izvestia”.

"Code information is generated only for 30 seconds — because of the short time storage it is difficult to compromise. In addition, “the button” generate QR code will work on all devices, even the most primitive" — quoted Director of the Department acquiring Bank “Opening” Alexander Dynin in the newspaper.

He added that the new method will save the user from having to huddle around a Bank application and speed up the shopping.

According to the head of the Association of companies the Internet-trade (AKIT) Artem Sokolov, the new system will make life easier for not only buyers but also sellers.

"Now to accept payments through the faster payments System, retailers need to either configure the display to output a QR code, or print them on paper. The new scenario would allow to extend the application of fast payment to make purchases even on small outlets, where the use of budgetary linear scanners. They are already there in most outlets", — said Artem Sokolov.

Earlier wrote that the CBR has restricted the Commission that banks may charge their customers for transactions within the system of quick payments. Under the new rules, which began work on 1 may, operation to 100 thousand rubles per month should be free.