Pakistan’s central bank releases QR code standard for payments

QR code - Pakistan Banks

The quick response barcode standard is meant to help make retail transactions faster. The State Bank of Pakistan (SBP) recently unveiled its new standards for unified QR code to boost the speed of adoption of digital retail payments. The Pakistani central bank had already announced that it was going to issue the single barcode. “These standards are to be met for issuing of QR codes and accepting of payments through the same. This initiative is a part of SBP’s drive to promote inclusion, innovation, and modernisation of payment systems in…

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