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Wednesday, May 12, 2021

Absa launches QR payments

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Absa launched QR payments as part of a campaign to reduce physical transactions.

Customers registered on the Absa Mobile Banking app can now scan any QR code on the market, such as Zapper, SnapScan and [email protected]

Absa said she will process payments securely, without having to download other service provider apps.

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All payment processing will be subject to customer authentication using the PIN code of their Absa Banking application. This is aimed at giving customers the peace of mind that all transactions are fully secure, the bank said.

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“As a sign of confidence in the security of Absa’s QR payments, customers automatically benefit from the security of Absa’s industry-first free digital fraud guarantee to which all customers who use the mobile banking app Absa have access, ”says Cowyk Fox, Managing Director: Everyday Banking, Absa Retail and Business Bank.

As the country grapples with the pandemic and increased hygiene and health requirements, a record number of customers have embraced and embraced digital transactions, he said. In 2020, Absa saw a 200% increase in contactless payments, while e-commerce levels doubled.

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“Absa customers already have access to the recently launched Apple Pay, Garmin Pay and Fitbit Pay, as well as Samsung Pay, which rolled out in 2018.

“Our own virtual card has also been available since May 2020 and countless customers have already enjoyed the convenience of retrieving all of their card details and making payments online without their real plastic cards,” Fox said.

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