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Mastercard rolls out interoperable QR code payment solution

This wallet once downloaded will host a virtual prepaid card that customers can use for cashless transactions

Nupur Anand  |  Mumbai 

Cashing in on the rise in digital payments and smartphones, Mastercard, has launched an interoperable payments solution using a Quick Response (QR) code that allows one to scan the code and pay, irrespective of the card platform. "One of the challenges that we have in India as compared to other markets is that till now the QR payments solutions wasn't interoperable (it can be used across dofferent card platforms), so in the long run we hope to evolve to that payments infrastructure," said Porush Singh, Division President - Mastercard, South Asia. Mastercard, that ...

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First Published: Wed, November 16 2016. 21:08 IST
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