Mastercard introduces its QR payment service in Sri Lanka
Mastercard has introduced its Merchant Presented QR payment solution in Sri Lanka to facilitate safe and secure QR-based mobile transactions
Using the platform, users can pay for the purchases by scanning the QR code provided by the merchant.
The service is compatible with any mobile application that supports a standardised QR code.
The company said that its solution can be integrated into mobile payment solutions by financial service providers and can also be used with its existing cards.
Mastercard country manager for Sri Lanka and Maldives, RB Santosh Kumar said: “Mastercard is excited to bring Mastercard QR to Sri Lanka, one of its key focus markets in South Asia.
“Continuing to support the country’s ongoing efforts to encourage adoption of cashless payments, Mastercard seeks to simplify access to digital payments for businesses and consumers through this fast, secure, convenient and cost-effective solution.”
Kumar went on to note that the company is working with local customers and partners to integrate the solution into their existing systems.
The country manager added: “We look forward to seeing many more merchants and consumers availing the convenience and security of digital payments through solutions such as Mastercard QR.”