26 April 2015

Belgian firm launches QR code-based P2P payments app

21 February 2013  |  8387 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

 

Top topics

Most viewed Most shared
PayPal exec wants to replace passwords wit...
8585 views comments | 44 tweets | 21 linkedin
Banks on the brink as customer experience...
7548 views comments | 43 tweets | 35 linkedin
RBS and NatWest customers go into meltdown...
7396 views comments | 13 tweets | 10 linkedin
£12.8 billion to be sent through digi...
5744 views comments | 39 tweets | 16 linkedin
Finextra Future Money Day 1 - Live blog
5464 views comments | 7 tweets | 5 linkedin

Featured job

Competitive
New York City, NY, USA

Find your next job