Kenyans to now pay via QR in shops as CBK launches code standard.
Kenyans will soon be able to pay for goods and services in stores and supermarkets by scanning QR (Quick Response) codes with their mobile devices.
Kenyans will soon be able to pay for goods and services in stores and supermarkets by scanning QR (Quick Response) codes with their mobile devices.
This comes after the Central Bank of Kenya (CBK), along with various players in the telecommunications and banking industries, published the Kenya Quick Response Code Standard 2023 on Wednesday.
The standard requires payment service providers (PSPs) such as Safaricom, Airtel Money and Pesaflow and banks such as KCB Equity and Absa to issue his QR code to merchants accepting digital payments.
The merchant has her QR code with information such as company name and outstanding amount, and the customer scans it from the vendor’s apps such as M-Pesa, Equity, KCB mobile his banking his app. and pay.
The customer then confirms the merchant data and enters the PIN to initiate payment. Similar to money transfers and withdrawals, customers are notified via SMS or app once payment is complete and can download a receipt.Â
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