Eftpos has announced completing the build of its new QR code payments infrastructure.
the first stage of QR infrastructure was built in early July and was designed to provide secure and enhanced consumer purchasing and engagement experiences through loyalty, offers, receipts and added security.
Testing of the new QR code infrastructure is underway and end to end testing will be completed when the first merchant is live in August.
“There had been considerable demand to work on various QR solutions with several merchants across different business categories including entertainment, charities, and quick services restaurants, in addition to a number of FinTech partners, gateways, banks and digital wallet providers,” eftpos CEO Stephen Benton said.
“It’s exciting to see the build come to life at such pace and experiencing demand beyond initial expectations. It means we can start to bring exciting new commercial applications to market sooner and aim to provide Australians with better, consistent, data-rich, digital payments experiences no matter where they choose to shop – online, on their mobile or at the checkout.”
“There is no doubt that QR codes are now familiar to Australian retailers and consumers because of COVID. We can begin to use that experience and knowledge in new ways that create value through end to end digital wallet payment experiences that are designed here, especially for the local Australian market.”
“The infrastructure itself is focused on building out new experiences beyond payments, addressing some common pain points, including loyalty, redemption, splitting payments and storing digital warranties, and also digital receipts – which is particularly helpful at tax return time,” Mr Benton said.
