FNB rolls-out QR code payments to all Speedpoint devices

Consumers shopping across the country will now be able to make QR code payments on all FNB’s standalone point of sale terminals.

The financial services company said that the roll-out forms part of the ongoing expansion of its payments ecosystem and integrated app-based QR code, aimed at accelerating the adoption of digital payment solutions in the country.

Thokozani Dlamini, FNB Merchant Services chief executive, said given the challenges due to the Covid-19 pandemic, it is essential that the group fast-track the rollout of QR code payments for enhanced convenience and safety.

QR Code acceptance forms part of FNB’s overall contactless payment solutions, providing customers with convenient and choice when making payment via FNB Speedpoint devices at merchants throughout South Africa.

Any compatible QR Code payments app can be used to Scan to Pay, an alternative to a bank card.

“Added to the cost-effective, convenient and efficient payment process of contactless payments, both consumers and merchants will have peace of mind from a safety perspective, as physical contact will be limited.

“Moreover, this solution will help us in driving wider financial inclusion and acceptance – helping consumers move away from cash,” said Dlamini.

Scan to Pay is powered by Masterpass, Mastercard’s digital payment service, which is interoperable with almost every major domestic QR Code payment service.

This means that consumers will be able to use any compatible mobile QR Code scanning App on FNB Speedpoint devices including FNB Scan to Pay.

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FNB rolls-out QR code payments to all Speedpoint devices