Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Revolut to roll out QR code payments for business customers in 25 countries
AltFi | Aisling Finn | Feb 18, 2021
The fintech’s business customers will be able to take payments via QR codes, helping to maintain social distancing.
Taking one step closer to becoming a ‘financial super app’, Revolut is rolling out QR codes for its business customers.
From today, Revolut’s business customers across 25 countries will be able to take in-person, socially-distanced payments via a QR code.
The touch-free payment method allows for instant payments, with small business owners able to see if a payment has been successful right away,
Paulo Guichard, product owner for Acquiring at Revolut said: “The popularity of QR codes has increased as this payment method is quick, easy and allows people to make socially distanced payments which are increasingly important during the global pandemic.”
“We’ve removed the need for additional devices or hardware, as all business owners have to do is use their Revolut Business app and show customers a QR code to accept payments straight away through this efficient and touch-free method.”
See: QR Codes - the Tech that changed China is coming closer to home
Revolut Business customers can generate a QR code in the app which the customer can scan on their mobile phones from a safe distance.
The new feature will be rolled out to customers across Europe, including Croatia, Greece, Luxembourg, Slovakia, Slovenia and here in the UK too.
Revolut isn’t the first to introduce QR payments for its business customers.
Back in March 2020, ANNA Money, in collaboration with financial API provider TrueLayer, announced it would let its business customers settle payments using the method.
Similarly, messaging platform Whatsapp, which has extended its capabilities in several countries to include payments, allows customers in certain countries to pay using QR codes.
In China, the use of QR codes is far more popular, with social media platform WeChat launching WeChat Pay, which lets users pay via QR code, all the way back in 2013.
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