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One QR code to rule them all: Singapore launches SGQR
- Tuesday | 18th September, 2018
The Monetary Authority of Singapore (MAS) has the Singapore Quick Response Code (SGQR), a unified QR code that combines multiple payment QR codes into a single label to simplify QR payments for consumers and merchants. Merchants that currently offer QR code payments will have their existing QR codes replaced with a single SGQR label over the next six months. Consumers will be able to quickly check if their preferred QR payment option appears on the merchant’s SGQR label. It also means new QR payments options, both domestic and international, can be streamlined into the SGQR label later. The Singapore Quick Response Code (SGQR) was developed by an industry task force co-led by MAS and the Infocomm Media Development Authority (IMDA).
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