Mastercard launches common QR code standard
Mastercard on Monday outlined plans for a greater choice in retail payments through the planned expansion of its QR-based programmes.
Beginning this month, the company will broaden its solutions to offer QR codes that can be scanned by either consumers or merchants under a common set of global specifications.
This follows the launch of Bharat QR in India this year.
Industry partners in Thailand will see the rollout of Mastercard QR payment solutions before the end of the year.
Trials of Masterpass QR will begin in Indonesia within the coming months, with several other markets across Asia-Pacific expected to come on board before the end of the year and into early next year.
Mastercard has worked with EMVCo and other industry players to create a new global QR standard.
These standards ensure consistency in QR codes both generated and captured on a consumer’s mobile phone.
