Aussie payments regulator sets out QR code guidelines

The Australian Payments Network (AusPayNet) has issued new guidelines around the use of Quick Response (QR) codes as a payment method.

The payments industry self-regulatory body says the publication of its voluntary guidelines for QR code payments follows the widespread public use of the technology as a result of the Covid-19 pandemic.

The guidelines are directed at financial institutions, payment service providers, merchants and other payment industry participants, and are designed to “encourage consistency”, the regulator says.

AusPayNet CEO Andy White says QR codes are yet another option in a “rapidly evolving” payments landscape for merchants and customers, offering “a quick, efficient method of digital payment”.

White adds: “It is important that consumers and merchants know when they use a QR code that it will work the same way, every time.

“Australians became familiar with and comfortable using QR codes during the pandemic and it is likely they will become more commonly used in payments. AusPayNet’s guidelines will be a useful reference tool as they do so.”

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Source: Aussie payments regulator sets out QR code guidelines – FinTech Futures