National QR Code Standard Archives

Brazil’s Central Bank unveils a national QR code standard

03/23/202003/21/2020 Stephanie Beck

The financial authority in the country has released new regulations to help universalize mobile payments. The Central Bank of Brazil has announced a new national QR code standard meant to help make mobile payments more universal. The country has been pushing forward to adopt cashless payments and this is the latest step in that effort. The new quick response code regulations will become compulsory as of September 2020. “The new rules aim to increase transparency for end-users, both payers and recipients, by expanding and improving access to information and, thus,…

The central bank of the Philippines to adopt National QR Code Standard for Payments

10/22/201910/22/2019 Jesse Collins

National QR Code Standard Philippines - Bangko Sentral ng Pilipinas

The Bangko Sentral ng Pilipinas has approved adopting the quick response code on a national scale. The Bangko Sentra ng Pilipinas (BSP), the central bank of the Philippines, recently announced that the monetary board approved adopting a National QR Code Standard for payments. The nationwide adoption of the quick response code is to ensure interoperability of QR-enabled financial and payment services. The BSP sees the value in QR codes for transferring money. QR technology has become the most convenient and cost-efficient method of transferring funds from one account to another,…