06.12.2018 13:53
YEREVAN, December 6. /ARKA/. Armenia is the second country in the world after Singapore to have launched the Payment Express (PayX) system with the assistance of Visa International, PayX co-founder Smbat Nasibyan told reporters today. He said PayX is a single payment system that uses QR codes.
In his words, the PayX is a unique system because it provides the opportunity to all banks and payment systems to cooperate and provide services to their customers to make payment transactions via QR codes.
He said the system works by using its own application, which can be downloaded to a smartphone. The customer needs to attach his/her credit card to it and pay for purchases through the contactless system, as well as online. It can also be used in already existing mobile applications of partner banks, in which a special integrated button will appear for making payments via PayX.
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