As part of a drive to eliminate physical transactions, ABSA has recently introduced QR payments as part of their digital payment solutions.
ABSA account holders who have downloaded the Absa Mobile Banking App can now check any QR code available on the market, including those from Zapper, SnapScan, and Pay@.
ABSA claims that it can safely process payments with no need to install any other service provider applications.
Customer authentication using their ABSA Banking App PIN code will be needed for all payment processing.
This is done to give consumers the assurance that their transactions are completely secure.
A record number of consumers have adopted and accepted digital transactions as the country struggles with the Covid-19 pandemic and increased hygiene and health requirements.
Absa saw a 200 percent rise in contactless payments in 2020, while e-commerce doubled.
The inclusion of QR Payments, according to ABSA, demonstrates the bank’s strategic goal of being the market leader in digital payment solutions for both customers and businesses in South Africa.
