Absa launches QR payments

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

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

Absa said it will process payments securely, without the need to download any other service provider apps.

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

“As a sign of our confidence in the security of Absa’s QR Payments, customers automatically have the security of Absa’s market-first free digital fraud warranty, which all customers who make use of the Absa Mobile Banking App have access to,” said Cowyk Fox, managing executive: Everyday Banking, Absa Retail and Business Bank.

As the country deals with the pandemic and heightened hygiene and health requirements, a record number of customers have adopted and embraced transacting digitally, he said. In 2020, Absa witnessed a 200% increase in contactless payments, while e-commerce levels doubled.

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

“Our very own Virtual Card has also been available since May 2020 and countless customers have already taken advantage of the convenience of retrieving their full card details and making e-commerce payments without their actual plastic cards,” said Fox.

Read: Nedbank’s new money service lets customers pay through WhatsApp

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Absa launches QR payments