Brazil’s Central Bank unveils a national QR code standard

National QR code standard - Brazil

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,…

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