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Briefing
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- Unified QR Code System — Singapore to roll out first unified QR code system, called SGQR, that enables users to scan and pay through single QR code instead of different QR codes per merchant, over next six months
- 27 Apps — Single QR code can be used for 27 e-payment apps, including PayNow, Nets, GrabPay, Singtel Dash, AliPay, American Express, Visa, Mastercard, ez-link, fave, DBS PayLah!, OCBC Pay AnyOne, UOB Mighty, and UnionPay
- How It Works — Customer chooses which payment platform connected to their bank account/s to use, then scans QR code, and pays for transactions in Singapore Dollars (SGD) to finish transaction
- Cashless Ecosystem — SGQR to pave way for Singapore to establish national cashless ecosystem, while making QR code mobile payments easier to use for customers and merchants
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