Singapore pilots next generation QR mobile payments service

Banners for Singapore's SGQR and SGQR+ enhanced interoperable common QR code payment schemes

The Monetary Authority of Singapore (MAS) is testing an upgraded version of its SGQR unified QR payment code that will enable merchants to accept QR code payments made using a wider range of local and cross-border payment schemes through a single financial institution rather than having to maintain commercial relationships with individual payment scheme providers... More


What's New in Payments

More than three quarters of cashless transactions in Germany, Austria and Switzerland are now contactless

Cashless transaction being made in a bakery in Germany

More than three in four cashless payments made in Germany (77%), Austria (80%) and Switzerland (82%) are now contactless — a rise of more than 35 percentage points from an average of 40% across the three countries in June 2019, according to figures published by Nordic payments processor Nets... More