Singapore's latest QR payments test promises to go easier on merchants

New system allows stores to accept 23 payment methods by going through one operator

20231031 QR singapore

Singapore's central bank intends to make it easier for stores to accept whatever smartphone payment app each customer might prefer. (Photo by Tsubasa Suruga)

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Stores in Singapore will be able to accept a few dozen digital payment methods with a single QR code from the start under a trial to be launched on Wednesday by the central bank, which intends to reduce hassle for merchants and shoppers as digital apps proliferate.

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