New QR Code Payment System Revolutionizes Transactions, Cuts Costs, and Fights Tax Evasion

• A new cashless payment system allows instant payments via QR code scanning
• Payment details are sent directly to the cash register system
• The system aims to modernize payments, cut costs, and curb tax evasion
• No commercial third parties are involved
• A cooperation agreement was signed on June 4, 2025, between the financial administration and a technical university in Bratislava
• The Instant Payments Notifier system is being developed
• The partnership connects public administration with academia
• Merchants benefit from reduced fees and need only a standard cash register
• Customers scan a QR code and confirm payment via mobile banking
• The system serves as an alternative to card-based cashless payments
• The collaboration aligns with an action plan to combat tax evasion
• The project is developed solely by the university
• During a purchase, the cash register generates a QR code with payment details
• Customers pay directly to the merchant’s account via internet banking
• Use of QR codes is voluntary for customers, but merchants must offer this option
• The system enhances transparency and records each transaction for better oversight

Source: fiscal-requirements.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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