With the anticipated introduction of PayShap person-to-merchant functionality, banks need to get ready to offer their merchants a solution. Globally, successful rapid payment schemes have used a merchant-presented QR code solution and it makes sense for South Africa to follow.
Existing EMVCo-based, Masterpass-integrated QR codes provide a suitable foundation for PayShap-enabled QR code payments. Electrum's interoperable solution includes QR code issuing, acquiring, and management for fast and reliable implementation.