Detsky Mir to Accept Payments via the Faster Payments System (FPS) Across Its Retail Stores

Moscow, Russia, 1 October 2020 – Detsky Mir Group (“Detsky Mir” or the “Company”, MOEX: DSKY), the largest specialized children’s goods retailer in Russia and Kazakhstan, will accept payments via the Faster Payments System (FPS) across its retail stores. The technical side will be handled by Russian Standard Bank.

Detsky Mir customers will soon be able to pay for their purchases using a QR code via the Faster Payments System (FPS) across all of Detsky Mir retail stores in Russia. The process is as follows: once the FPS service is selected as a form of payment, the shopper uses their smartphone to scan the QR code through the mobile app of their respective bank and confirm the transaction. The payer’s bank needs to be member of the FPS, and its mobile app needs to support QR-based payments.

The upcoming implementation phase will see the launch of this technology online at www.detmir.ru.

“QR payments are still relatively new for the Russian retail industry. The Bank of Russia mooted the use of C2B payments via the Faster Payments System last year. The introduction of an innovative payment tool will improve the purchase journey for consumers and make cashless payments more attractive for our customers. I am convinced that this service will be a highly popular payment method,” said Aleksey Brylyakov, Head of Corporate Finance at Detsky Mir Group.

“This new service using QR codes to make payments via the FPS will substantially reduce acquiring costs for the retailer, while lower costs always have a positive impact on the value proposition for end consumers,” stressed Inna Yemelyanova, Head of Acquiring at Russian Standard Bank.

“Using the FPS to pay for goods and services is gaining traction among the system’s users, with C2B payments constantly growing across the board. Now that the new cashless payment method is being made available for Detsky Mir customers too, they will benefit from its convenience and security,” noted Dmitry Kolesnikov, Director for Innovative Services Development at the National Payment Card System (the operational payment and clearing center of FPS).

For additional information:

  Julia Polikarpova

  Head of Public Relations

  Tel.: +7 495 781 08 08, ext. 2041

 upolikarpova@detmir.ru