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Big payments upgrade in South Africa | SA News


The South African Reserve Bank (SARB) is working on a new payments standard to drastically improve scan-to-pay transactions in South Africa.

The development and implementation of the QR+ Standard forms part of the SARB’s Payments Ecosystem Modernisation (PEM) Programme.

Quick Response (QR) codes have become a popular way to direct smartphone users to a website, app or file download link, and to complete payments.

However, the QR ecosystem has become fragmented due to various payment providers using different QR…

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