PayQR - free banking application for mobile phones that allows paying for purchases from bank cards through QR-codes scanning. QR-codes are placed on any paper and electronic media in retails stores, restaurants and e-shops. To make payment with PayQR the buyer should only open the application on their phone, point the camera at QR-code and confirm purchases on the display. PayQR allows shortening time for purchase by 60 times as well as essentially simplifies purchase processes and increases its security level. Payment service PayQR was the first to implement purchase payment through QR-codes in Russia and currently is a leader in this sphere. Mission of PayQR project is to make mobile phones the most wide-spread payment instrument. Also PayQR actively experimenting with NFC and BLE technologies. PayQR startup was raised required investment volume in the amount of $1.5M according to the company estimates at that time in $10M in autumn 2014 at crisis time. Participant of Technology and Innovation Center "Skolkovo".
