A business-to-business (B2B) payment request (a qvik payment solution) at Számlázz.hu. According to the fintech, qvik can revolutionize the process of instant transfers for its customers.
Companies can manage their electronic financial transactions among themselves quickly and securely with the push of a button. In the first round, the option is open to customers with the autokassa (automatic matching of bank transactions and invoices) service, which affects customers of a total of ten banks.
Balázs Ángyanthe managing director of Számlázz.hu, answered Economx’s question: of course I would like to expand the service.
The reason why we first opened the service to those with a car insurance policy is primarily to protect our customers. The auto cash register means that our customer connects his bank account and his billing account, so he can – among other things – see the transactions on his bank account in Számlázz.hu”
– he added, emphasizing that both they and the customers can be sure that they entered the correct bank account number on the site, so there can be no mistakes when making qvik requests either, the money will definitely go to the right place.
Balázs Ángyán, managing director of Számlázz.hu
Photo: Economx, Tamás Hartl Nagy
Since the company’s bank account number can also be entered manually, the qvik application could run into an error in the event of a typo or incorrect data being entered. This inconvenience can be eliminated by initially only allowing self-checkout customers to use the service.
There has been a payment request so far
The payment requests did not start with the year qvik was published, the solution has been available for years. Many companies already made this payment solution available at the start of 2022, and since then tens of thousands of payment requests have also been made at Számlázz.hu. In April this year, it became mandatory for all banks to ensure that qvik applications are acceptedi.e. a payment request that can be sent to everyone, as the recipients will definitely receive it.
For business customers, the B2B option offers a revolutionary simple, cheap and secure payment method compared to before.
- There is no need to enter transfer data or make card payments, the possibility of making mistakes is also significantly reduced, it is enough to send the payment request together with the invoice, which the partner can approve with a single button press and the transaction is completed.
- Safety is ensured by the closed system, as well as qvik-specific developments and thorough technological solutions.
The predecessor of the qvik request – previously known as the payment request – has been available for years, but it was fully extended only at the beginning of the year, so it can still be considered a relatively new service. Accordingly, its market awareness still needs to be increased in order to be able to compete with already known payment solutions
said Balázs Ángyan.
He emphasized: the best chance for this is especially in the case of B2B, i.e. business-to-business, transactions, since the technical conditions include that the party initiating the qvik request must know both their own and the paying party’s bank account number or secondary identifier.
In the case of businesses, this is not a particular obstacle. If the paying party is an individual, there is a smaller chance that the party sending the qvik request knows the bank account number of the individual buyer. For this reason, Számlázz.hu first introduced the qvik request service for B2B transactions.
The real jump will come next year
“We ourselves have been using it for almost half a year and have had very good experiences. We send payment requests to our customers for the subscription fees of Számlázz.hu, and the acceptance rate of sent qvik requests is very high,” stressed the managing director of Számlázz.hu.
Balázs Ángyán, managing director of Számlázz.hu
Photo: Economx, Tamás Hartl Nagy
Based on their experience, they expect that the number of users of the service will increase significantly in 2025, and that many businesses will use the option of sending and accepting payment requests instead of the bank transfer payment method.
The payment request is the most convenient and fastest possible payment option for everyone.
Almost two-thirds of our customers who pay by bank transfer accepted the payment request, which is a surprisingly high rate for us as well. We are very happy that they like this solution, as it is significantly more convenient for them than a traditional transfer, and for us it ensures that we have to process fewer erroneous transactions, so everyone wins.”
– said Balázs Ángyán to our newspaper’s question.
SMEs can do well
The qvik service it can be even more beneficial for smaller businesseswho until now have had problems maintaining POS terminals. With the help of the new system, they can use cheaper devices or even leave the POS terminal altogether, which results in further cost reduction.
This change may also help to reduce the number of signs in shops announcing that they do not accept cash or that small amounts of bank card payments are rejected.
Examining the distribution of payment service providers’ income related to payment card acceptance according to legal title and merchant categories, it can be seen that the higher the merchant’s card turnover, the lower the proportion of fees related to the POS terminal within the total fees. We wrote about this in detail in our previous article, which you can read here.
There is still room for expansion
When instant payment was introduced, the Magyar Nemzeti Bank (MNB) had an express goal to create an electronic payment solution that is easy to use in all payment situationsthus further increasing the spread of electronic payments.
“With the introduction of the qvik application, Számlázz.hu took a significant step towards achieving its goals, which the MNB supports with all the means at its disposal. We encourage both the domestic SME and corporate sector to actively use domestic, cheap and safe qvik solutions” he said Miklós Luspayhead of the central bank’s Financial Infrastructures and Money Circulation Directorate.
The payment request facilitates payment situations, whether it is about any account payments. If a claim arises, it can be settled easily by initiating a payment request, which is a practical and safe solution not only for the initiator but also for the paying party, he believes Zsolt Selmeczi-KovácsCEO of GIRO Zrt.
Source: www.economx.hu
