Three international payment network providers plan to roll out a standardised QR code in Thailand, ending the confusion and annoyance for consumers having to scan different QR codes for payments to different networks. Mastercard, UnionPay International and Visa are collaborating to launch the standardised QR code -- the country's first open and interoperable payment platform -- for card payment through mobile banking. The standardised QR, or quick response, code is expected to be officially rolled out in the third quarter. Mastercard, UnionPay and Visa cardholders can use the mobile application with standardised QR code support to scan merchant QR codes. The QR code works on both smartphones and smart devices as an electronic payment option.

Source: Bangkok Post May 09, 2017 22:30 UTC