Eftpos Australia has signed up Commonwealth Bank, National Australia Bank, Coles, Woolworths, Azupay, Beem It and Merchant Warrior to support the rollout of its new QR payments platform, eQR.
Eftpos completed the first stage of the eQR build in July 2021 and is currently in trial with several Australian merchants. The new consumer payment option, available both online and instore, will begin to roll out ahead of the busy Christmas shopping season.
Fintech partners like Merchant Warrior, Azupay and Beem It have joined the effort to help drive innovation and onboard more Australian merchants to eQR before Christmas, in categories such as online entertainment, charities and fast food.
Eftpos CEO Stephen Benton, says: “The eQR platform aims to provide better experiences for consumers and merchants through added security, loyalty, offers and digital receipts, no matter where they choose to shop - online, on their mobile or at the checkout.”
Benton is bullish about its prospects: “We expect eQR will quickly become the QR equivalent of eftpos Tap& Pay on debit cards. Covid has changed customer behaviour and Australians are now ready for the enhanced payment experience offered by eQR. It is great to have the support of iconic brands like Commonwealth Bank, National Australia Bank, Coles, Woolworths, Azupay, Beem It and Merchant Warrior as we roll this out across the country."