Mastercard, Netcash roll out QR billing service for SMEs

Thursday 11 June 2020 11:51 CET | News

South Africa based PSP Netcash has partnered with Mastercard to introduce QR payments across its multi-channel billing platform.

The Mastercard partnership will enable merchants using Netcash’s solutions to accept card payments from select Masterpass-enabled digital wallets across various channels, including physical or digital invoices, e-commerce sites as well as at point of sale.

In terms of functionality, consumers can pay their bills by scanning the QR code with any Masterpass digital wallet, the scan-to-pay functionality in the Nedbank or FNB banking apps, or with Zapper, according to a statement.The consumer will then follow up by selecting the payment card they would like to use and enter their bank card’s ATM PIN or one-time-PIN number to authorise payment. Their account will be updated immediately.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: NetCash, MasterCard, ATM PIN, merchants, partnership, card payments, digital wallet, South Africa, Zapper, QR payments, billing platform, PSP
Categories: Payments & Commerce
Countries: South Africa
This article is part of category

Payments & Commerce

Industry Events