Insights

Use Case: PayShap-Ready QR Code Issuing, Acquiring, and Management for Banks

What is this insight about?

With the anticipated introduction of PayShap person-to-merchant functionality, banks need to get ready to offer their merchants a solution. Globally, successful rapid payment schemes have used a merchant-presented QR code solution and it makes sense for South Africa to follow.

Existing EMVCo-based, Masterpass-integrated QR codes provide a suitable foundation for PayShap-enabled QR code payments. Electrum's interoperable solution includes QR code issuing, acquiring, and management for fast and reliable implementation.

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