Absa has taken its latest step towards expanding its ever-growing digital payments universe with the launch of QR Payments.
“With our innovative QR Payments functionality, which is free of charge, Absa customers registered on the Absa Mobile Banking App can now scan any QR code in the market, such as Zapper, SnapScan and Pay and Absa will process payments securely, without the need to download any other service provider apps,” says Cowyk Fox, Managing Executive: Everyday Banking, Absa Retail and Business Bank.
All payment processing will be subject to customer authentication using their Banking App PIN code, providing customers with the peace of mind that all transactions are fully secure.
“As a sign of our confidence in the security of Absa’s QR Payments, customers automatically have the security of Absa’s market-first free digital fraud warranty, which all customers who make use of the Absa Mobile Banking App have access to”, he said.
This functionality follows a series of digital enhancements, and underscores the bank’s strategic ambition to be recognised as the leader in digital payment propositions to both consumers and businesses. Over the past year, particularly with the onset of the pandemic, Absa has amplified efforts to provide our customers with a wide range of digital payment options.
“Absa customers already have access to the recently launched Apple Pay, Garmin Pay and Fitbit Pay, as well as Samsung Pay, which was rolled out in 2018. Our very own Virtual Card has also been available since May 2020 and countless customers have already taken advantage of the convenience of retrieving their full card details and making e-commerce payments without their actual plastic cards,” added Fox.
As the country deals with the pandemic and heightened hygiene and health requirements, a record number of customers have adopted and embraced transacting digitally. In 2020, the bank witnessed a 200% increase in contactless payments, while e-commerce levels doubled.