AusPayNet provides guidelines to facilitate QR code payments

Tuesday 17 May 2022 13:25 CET | News

Australia’s payments industry self-regulatory body, Australian Payments Network (AusPayNet) has published guidelines for QR codes as a payment method.

The guidelines are designed to encourage consistency in how QR codes are used for payments in Australia and will be voluntary for merchants, financial institutions, and payment serviced providers.

The increased popularity of QR codes for payment transactions in the country is attributed to the COVID-19 pandemic and has been seen as an easy, contactless payment method by all consumers having access to a smartphone. At the same time, merchants and sellers don’t require additional specific hardware or acceptance devices to process the payment, thus reducing the barriers and promoting an easy, secure, frictionless, and fast process.

QR codes also allow richer data to be encoded in a payment transaction, enhancing the process of reconciliation, and becoming more useful when they are linked to identity or royalty applications. 

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Keywords: regulation, reconciliation, QR code, QR payments, contactless payments, payment methods, mobile payments, digital payments
Categories: Payments & Commerce
Companies: AusPayNet
Countries: Australia
This article is part of category

Payments & Commerce


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