"Yandex" acquired NewPay service, providing payment for goods and services via QR code

The "Yandex Pay" payment service will be supplemented with tools for convenient payment for goods via QR codes

"Yandex" has acquired NewPay, a service specializing in payment for goods and services via QR codes of the Faster Payments System (FPS).

The deal was completed on November 28 and structured through the company LLC "Financial and Payment Technologies".

This step will allow "Yandex" to expand the capabilities of its "Yandex Pay" payment service, adding new tools for payment via QR codes.

NewPay was founded in September 2024 and has since integrated with various systems, such as "Evotor", Posiflora, Quick Resto, "Module Kassa", "Aspro", and others. Project partners include brands such as TopGun, "Doubleby", "Cantata", OnePriceCoffee, SurfCoffee, and Cofix.

Read materials on the topic:

The Central Bank of the Russian Federation proposed to oblige Russian banks to use only the universal NSPK QR code

Sberbank, Alfa-Bank, and T-Bank became the first members of the consortium for the development of a unified QR code

Under one QR code: a consortium of Russian banks is working on an alternative to the FPS solution