Saturday, December 14, 2024

AusPayNet: Issues guidelines to facilitate QR-code payments

AusPayNet: Issues guidelines to facilitate QR-code payments

  • AusPayNet the payments industry self-regulatory body has published guidelines for QR codes as a payment method
  • The guidelines will be voluntary for financial institutions, payment service providers, merchants, and other payments industry
  • Guidelines for QR-code payments follow widespread public use of QR codes in Australia to support contact tracing
  • The growing popularity of QR codes for payment transactions is attributed to their ready adoption by consumers
  • QR codes were fast-emerging as another option for merchants to offer a quick
  • Australians became familiar with and comfortable using QR codes during the pandemic

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