VTB launches QR code payments in Indonesia, Philippines

MOSCOW. Sept 2 (Interfax) - VTB has launched a QR code payment service in Indonesia and the Philippines, the bank said in a statement.

In Indonesia, the service works via the QRIS national payment standard, used at over 40 million sales points across the country. In the Philippines, payments can be made via local payment systems, which cover a broad network of stores, restaurants and services. In order to make a payment, the client must open the VTB Online application, scan the QR code on the bill or at the cash desk with their smartphone, and the sum in rubles will be withdrawn from the client's account automatically, converted into the local currency at the bank's exchange rate, without a commission.

VTB has already launched QR code payments in Argentina, Brazil, Vietnam, Egypt, China, Kyrgyzstan, Thailand, Tajikistan and other countries.

Since January, VTB clients have already made over 1 million payments via QR code abroad, for a sum exceeding 3.5 billion rubles, which is dozens more than the previous year. The average transaction was over 3,000 rubles.