Visa to launch QR payments in BD

Visa, the global leader in digital payments technology, announced its plans to launch QR payments in Bangladesh, enabling consumers to link their credit, debit and prepaid cards to their mobile banking apps to 'scan and pay' for their purchases, said a statement.

Visa is working with various banks and partners across the country to enhance the acceptance of digital payments.

The cardholders of these participating banks can make payments through QR codes at merchant locations by using their mobile banking application. Consumers will soon be able to make QR payments at both retail stores and on e-commerce websites.

Merchants can accept these payments by simply displaying a QR code in their stores or on their mobile phones.

Announcing the launch, TR Ramachandran, Group Country Manager, India, and South Asia said, "Visa has always been committed to the growth of digital payments in Bangladesh. Acceptance is critical to the growth of digital payments and we believe it must grow in tandem with issuance”.