UNIVERSAL PAYMENT CODE: TECHNOLOGICAL CHARACTERISTICS AND LEGAL BASIS FOR APPLICATION
Back to articles of current journal| PDF: |  |
Author(s): | Dzansolova A.A., Kostikov A.D., |
| Number of journal: | 1(74) | Date: | March 2026 |
| Annotation: | With the introduction of the universal payment code in 2026, legal regulation of QR payment codes was introduced in Russia for the first time. Previously, regulation was provided for in technical standards. The new legal provisions define the universal payment code, identify the entities interacting with its generation and provision, and define their mutual rights and obligations. The general rules enshrined in legislation will be detailed in bylaws and documents. Mandatory use of the universal payment code for retail payments, including settlements in digital rubles, is provided for. Given that the functions of generating and issuing universal payment codes are assigned to National Payment Card System Joint Stock Company (NSPK JSC), a state monopoly in this area can be considered. This approach is justified by the need to unify and standardize the rules governing retail payments. The new rules may become the basis for further development of legislation regulating money transfers. In particular, these rules can be used to formulate legal regulations for other types of QR payment codes that may be used outside the scope of the Criminal Procedure Code. It seems appropriate to develop and enshrine in law rules governing other alternative payment methods. It is necessary to create a scientific basis for improving legislation in the area of money transfers. Theoretical research can substantiate the emergence of a new legal institution within the Russian legal system, as well as formulate proposals for harmonizing existing legal regulations: the transfer rules established by the Bank of Russia clearly require updating to reflect these newly introduced rules. | ||
| Keywords: | universal payment code, QR code, universal payment code services, digital ruble, National Payment Card System / NSPK JSC, alternative payment method, retail payments, transfer details, link to transfer details, QR code payment provider |
||
| For citation: | Dzansolova A.A., Kostikov A.D. Universal payment code: technological characteristics and legal basis for application. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2026;1(74):246—251. DOI: 10.25683/VOLBI.2026.74.1541. |
||