Eftpos expedites QR code rollout
Eftpos expedites QR code rollout
25 February 2021 5:50AM
Eftpos Australia will begin piloting a new Quick Response (QR) code payments platform in June, with a view to launching a national multi-channel transaction network next year.
Community acceptance of QR codes in the payments process has grown slowly in Australia compared to other Asian countries, but research indicates that it has increased during COVID-induced lockdowns in the last year.
While Eftpos is set to be the first payments scheme to roll out QR code functionality in the domestic market, global payments providers such as Mastercard and Visa are likely to follow.