29 August 2015

Belgian firm launches QR code-based P2P payments app

21 February 2013  |  8788 views  |  0 Teenagers using Smartphone

Belgium-based payments outfit Bancontact/Mister Cash has unveiled a mobile app that taps QR codes to let users send money to each other.

To carry out a transaction, the receiver opens the app on their phone and enters the amount to be paid. A unique QR code is then created on the screen which the payer reads with the app on their phone before entering a code to confirm the payment.

The app - which can be used to send up to EUR125 - works with Android and iOS devices and is linked to users' Bancontact/Mister Cash's cards. The firm claims 15 million cardholders.



Bancontact/Mister Cash will begin pilots with its partner banks this year ahead of a commercial launch planned for 2014.


Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

21 November, 2012
15 August, 2012

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Android Pay could launch this week
6323 views comments | 26 tweets | 22 linkedin
FIS opens Indian financial inclusion lab
5807 views comments | 14 tweets | 2 linkedin
SunGard system glitch causes havoc for BNY...
5629 views comments | 12 tweets | 12 linkedin
Kenya's NIC Bank links to Twitter and What...
5262 views comments | 27 tweets | 14 linkedin
Wirecard bids for Worldpay - Bloomberg
4759 views comments | 10 tweets | 7 linkedin

Featured job

Basic £90-110K OTE circa £200K NO CEILING
London based with substantial travel in Scandinavia

Find your next job