{"id":470867,"date":"2021-04-28T12:04:16","date_gmt":"2021-04-28T12:04:16","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=470867"},"modified":"2021-04-28T12:04:16","modified_gmt":"2021-04-28T12:04:16","slug":"south-africa-absa-bank-launches-qr-code-payment-to-reduce-physical-transactions","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/04\/28\/south-africa-absa-bank-launches-qr-code-payment-to-reduce-physical-transactions\/","title":{"rendered":"South Africa: Absa bank launches QR Code payment to reduce physical transactions"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Absa bank launched its contactless payment service via QR Code on its mobile application. This initiative is part of a campaign to reduce physical transactions.<\/p>\n<p>In its press release on Wednesday April 28, the bank informed that customers registered on the Absa Mobile Banking application can now scan any QR code on the market, such as Zapper, SnapScan and Pay @. Absa said she would process payments securely, without having to download other service provider apps.<\/p>\n<p>Any payment processing, she emphasizes, will be subject to customer authentication using the PIN code of their Absa Banking application. This is intended to give customers the peace of mind that all transactions are fully secure, the bank said.<\/p>\n<p>Cowyk Fox, Retail &amp; Business Banking Director of the South African bank pointed out that with this new formula, customers automatically benefit from the digital fraud guarantee. This action, he underlines, will make it possible to switch to the dematerialized transaction in a context of persistence of the coronavirus.<\/p>\n<p>In 2020, Absa saw a 200% increase in contactless payments, while e-commerce levels doubled.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Absa bank launched its contactless payment service via QR Code on its mobile application. This initiative is part of a campaign to reduce physical transactions. In its press release on Wednesday April 28, the bank informed that customers registered on the Absa Mobile Banking application can now scan any QR code on the market, such<\/p>\n","protected":false},"author":536116,"featured_media":470868,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[16158,11996,16068,12036],"tags":[15125,18012,18011,556],"class_list":["post-470867","post","type-post","status-publish","format-aside","has-post-thumbnail","category-bank","category-finance-en","category-fintech-telecom","category-sectors","tag-absa-bank","tag-physical-transactions","tag-qr-code-payment","tag-south-africa","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Africa: Absa bank launches QR Code payment to reduce physical transactions - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2021\/04\/28\/south-africa-absa-bank-launches-qr-code-payment-to-reduce-physical-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa: Absa bank launches QR Code payment to reduce physical transactions\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. 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