Raiffeisenbank integrates Russia's Faster Payment System into BIFIT checkout software

AK&M 19 October 2020 09:51

Raiffeisenbank has enabled processing of payments via Russia's Faster Payment System for small and micro businesses using checkout software provided by BIFIT Checkout, the bank informed.

The Faster Payment System integration into BIFIT checkout software will enable small businesses and micro businesses to accept payments using QR codes. The buyer needs to scan the QR code from the checkout screen and to confirm the payment in the bank's mobile app.

AO Raiffeisenbank is a subsidiary company of Raiffeisen Bank International AG. Raiffeisen Bank International AG is leading corporate and investment bank in the financial markets of Austria, Central Europe and Eastern Europe. In Central and Eastern Europe, Raiffeisen Bank International is active in 13 markets providing a wide range of financial services, including leasing, asset management, and support for M&A deals. More than 47,000 employees serve 16.8 million customers in more than 2,000 divisions, most of which are located in Central and Eastern Europe. The shares of Raiffeisen Bank international AG are listed on the Vienna Stock Exchange.