21 October 2017
visit www.response.ncr.com

Belgian firm launches QR code-based P2P payments app

21 February 2013  |  10661 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)

Finextra news in your inbox

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

Related stories

European Commission takes Belgium to court over electronic money

European Commission takes Belgium to court over electronic money

21 November 2012  |  8919 views  |  0 comments | 14 tweets | 3 linkedin
Oz bookshop lets students beat the queues with QR codes

Oz bookshop lets students beat the queues with QR codes

15 August 2012  |  7722 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.innotribe.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8789 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8618 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7701 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7170 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6777 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job