The South African Reserve Bank has introduced the QR+ Standard as part of its Payments Ecosystem Modernisation (PEM) Programme to enable interoperable QR payments across payment service providers (PSPs), payment rails and stores of value, addressing the current fragmentation created by multiple non-interoperable QR codes at merchants. The standard aims to streamline and standardise the presentation interface by offering multiple options while limiting the options used for specific formats such as QR codes or barcodes, with the stated goals of reducing consumer confusion, lowering barriers for new entrants and supporting financial inclusion. The QR+ Master Specification is supported by API specifications that are expected to expand as new use cases emerge. To drive widespread adoption, SARB intends to mandate interoperability through technical standards and rules, while continuing to refine QR+ through simulator testing and ongoing industry participation and feedback.
South African Reserve Bank 2025-12-05
South African Reserve Bank introduces the QR+ Standard to mandate interoperable QR payments under the Payments Ecosystem Modernisation Programme
The South African Reserve Bank has launched the QR+ Standard under its Payments Ecosystem Modernisation Programme to facilitate interoperable QR payments across providers and platforms, addressing fragmentation from non-interoperable codes. The initiative aims to reduce consumer confusion, lower entry barriers, and enhance financial inclusion. SARB plans to enforce interoperability through technical standards and ongoing industry collaboration.