Oschadbank, Alfa-bank and T-bank signed a memorandum on the creation of a consortium to develop a single QR code, two sources familiar with the situation said. There are two levels of participation in the consortium: founder-investors, whose number cannot exceed 12, and participants. Moreover, Oschadbank’s share in the consortium will be fixed at 45%, notes one of the “Ъ” interlocutors. Another source did not rule out that the founders will include systemically important credit organizations (SZKO).

The founders of the consortium confirmed the signing of the memorandum. They also noted that Alfa-bank and T-bank, with current shares of 27.5%, will be required to sell 2.5% of their shares to each new founder. At the same time, the cost of their acquisition will depend on the assessment of investments in the consortium at the time of the agreement. If the number of founders is less than 12, the undistributed shares will remain with the first participants of the consortium.

The consortium is expected to create high-tech payment tools, and the single QR code will be just the first of them. Decisions on the development of consortium projects can be made only if 75% of the founders vote for it. Thus, Oschadbank will need the support of the majority of the co-founders of the consortium.

In the proposed scheme of distribution of shares in the consortium, the banks that will join it as founders see that they are investing not in the development of Oschadbank and its technologies, but in a common cause. “Marketplaces with their banks and high-tech banks will most likely want to be among the founders, and not just participants, to influence the development of payment technologies, to participate in decision-making, which technologies to invest in,” – believes the MBA professor of business intern in digital finance of RANHiG Oleksiy Voilukov.

Since the proposal for the distribution of participation shares in the consortium was arranged by “Alfa-bank” and “T-bank”, this ensures a high probability of its acceptance for other potential participants as well, believes the chairman of the board of the association “Financial Innovations” Roman Prokhorov. In his opinion, the founders of the consortium will be replenished at the expense of banks recognized as “significant in the market of payment services”, which is wider than the circle of SZKO.