Interoperable QR is a standardized payment method that allows users to make and receive payments across different providers using a single QR code. It enables consumers, merchants, and financial institutions to operate within a unified ecosystem, simplifying transactions and expanding access to digital payments.
Particularly impactful in emerging markets, Interoperable QR bridges the gap between multiple mobile wallets and bank apps, promoting financial inclusion and reducing the need for costly infrastructure.
Most used options
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PIX -
UPI - ThaiQR
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DuitNow
How Interoperable QR works
Particularly impactful in emerging markets, Interoperable QR bridges the gap between multiple mobile wallets and bank apps, promoting financial inclusion and reducing the need for costly infrastructure.
How Interoperable QR Works Interoperable QR solutions unify the digital payment experience. Here’s how it functions:
- 1. Scan the Code: Customers scan a single QR code displayed by the merchant using any supported payment app or wallet.
- 2. Choose the Payment Method: The user selects their preferred bank or wallet linked to the QR system.
- 3. Authorize the Payment: Customers confirm the transaction via biometric or PIN authentication.
- 4. Instant Payment Confirmation: The merchant receives real-time confirmation and settlement through the interoperable network.
This process removes fragmentation, enabling a truly inclusive and seamless payment experience.
Benefits of Interoperable QR for your business
Interoperable QR payment systems bring efficiency and accessibility to businesses and consumers alike:
- Expanded Reach: Accept payments from any wallet or banking app without needing separate QR codes.
- Cost Efficiency: No need for POS hardware or multiple integrations—just one QR code does it all.
- Faster Adoption: Easier onboarding and usage boost digital payment uptake among the unbanked and underbanked.
- Enhanced User Experience: Streamlined, intuitive transactions increase customer satisfaction.
- Real-Time Settlements: Receive funds instantly with transparent transaction records and audit trails.
Brazil
India
Thailand
Indonesia
Malaysia
