SINGAPORE (Nov 21): Payment service providers in Singapore by next year will adopt and deploy a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets, and banks.
The Monetary Authority of Singapore (MAS) on Monday announced that the Payments Council has endorsed the first-of-its-kind SG QR, which includes protocols customised for Singapore.
SG QR builds on the QR specifications of EMVCo, a consortium of international payment schemes, including...(click on link for full story on theedgesingapore.com)