- Slovakia launched a state-backed QR payment system on 1 May 2026, driven by new rules requiring cashless payment options for purchases over €1.
- The system lets merchants generate a QR code with payment details; customers scan, confirm, and money is transferred within seconds.
- It is designed to be simple, fast, and low-cost, especially helping small businesses and sole traders avoid buying payment terminals.
- In the first month, over 61,000 transactions worth more than €2 million were processed.
- More than 9,000 businesses and eight banks’ mobile apps are already supporting the system.
Source: bmb.sk
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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