The Transaction Junction Scan to Pay Dynamic QR Code is generated uniquely for each transaction and displayed on the PED, for customers to scan through the payment app of their choice.
Opening a QR code could trigger an executable file or potentially malicious code, which can then be used by cyber criminals to steal personal information.
QR codes are a potential cyber risk, says Simeon Tassev, MD and QSA at Galix.
While more South Africans took to online shopping this Black Friday/Cyber Monday, consumer spending reflected the current economic downturn.
Yoyo merchants that choose to sign up with Zapper will be able to offer payments using just one QR code across both payment apps.
The bank’s customers can now scan any QR code in the market and Absa will process payments without the need to download any other service provider apps.
Payment solutions provider Netcash partners with Zapper and SnapScan to expand mobile payments acceptance options for SMEs.
Selfies can now be used to detect clinical signs in the fight to halt the spread of COVID-19, says the South African integrated communication systems provider.
The black-owned fintech firm offers free personal and business accounts that allow users to build an online store to sell their products and services.
The group says it has become the first local grocery retailer to offer contactless QR payments.
According Juniper research, 1 billion mobile devices will access coupons through QR codes by 2022.
Mobile payment platform Zapper is the latest company looking to lure the Chinese payment app into the country.