Belgian firm launches QR code-based P2P payments app

Belgium-based payments outfit Bancontact/Mister Cash has unveiled a mobile app that taps QR codes to let users send money to each other. To carry out a transaction, the receiver opens the app on their phone and enters the amount to be paid. A unique QR code is then created on the screen which the payer reads with the app on their phone before entering a code to confirm the payment.