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Eftpos launches QR code payment platform

Wednesday 18 May 2022 12:27 CET | News

Australia-based payment processor Eftpos has gone with its QR code payments platform and Subway is the first merchant to adopt it.

The QR code payments platform, dubbed eQR, will be accessible via Eftpos-owned Beem wallet. Customers will also be able to for a ‘limited time’ load up loyalty rewards with triple SubCard reward dollars.

The company completed the first stage of building the new QR code payment infrastructure in July 2021, and was trialing it with ‘several’ Australian merchants. Eftpos had initially planned to begin rolling out the new consumer payment option before 2022, but this was delayed due to extended COVID-19 lockdown across Australia.

Eftpos previously said that consumer familiarity with QR codes through COVID-19 safe practices would help with the uptake. Other partners that were previously in line to also help with the rollout of eQR included Commonwealth Bank of Australia, National Australia Bank, Coles, Woolworths, Azupay, and Merchant Warriors.


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Keywords: QR code, QR payments, product launch, contactless payments, mobile payments, loyalty programme
Categories: Payments & Commerce
Companies: Eftpos
Countries: Australia
This article is part of category

Payments & Commerce

Eftpos

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