07 July 2015

Belgian firm launches QR code-based P2P payments app

21 February 2013  |  8596 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
Singapore pledges S$225m to fintech
9595 views comments | 34 tweets | 24 linkedin
US banks pump $16.6bn into digital transfo...
8240 views comments | 39 tweets | 27 linkedin
Fintech leads the charge as VC investment...
6402 views comments | 33 tweets | 17 linkedin
Mobile banking biometrics gains traction
6306 views comments | 27 tweets | 25 linkedin
Nordea sets up fintech accelerator
5390 views comments | 20 tweets | 12 linkedin

Featured job

to £100K base, double OTE, stock options
London, UK

Find your next job