The European Payments Council (EPC) publishes the final version of the Standardisation of Quick-Response (QR)-codes for mobile initiated SEPA (instant) credit transfers (MSCTs). This document standardises a payee- and a payer-presented QR-code for all types of MSCTs, i.e. all payment contexts: person-to-person (P2P), consumer-to-business (C2B), business-to-business (B2B) and business to consumer (B2C) while addressing both SEPA Instant Credit Transfer (SCT Inst) and SCT payments.
An eight-week public consultation on a draft version of the document was launched earlier this year and closed on 14 April 2022. The multi-stakeholder group on mobile initiated SEPA (instant) credit transfers (MSG MSCT) has processed now all comments received through this public consultation and prepared the final version of this document for publication. The aim is also to develop a generic version of the document on the Standardisation of QR-codes for (instant) credit transfers for submission through a so-called “fast track procedure” to an International Standardisation Body.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
