Major banks, retailers and fintechs to support rollout of national QR payment in Australia

Commonwealth Bank of Australia and National Australia Bank as well as supermarket chains Coles and Woolworths and fintechs Azupay, Beem It and Merchant Warrior have confirmed they will support the rollout of the national QR payments and rewards platform developed by Australia’s Eftpos payments system.

The platform, known as eQR, enables consumers to make digital wallet payments and receive rewards at physical points of sale.

The eQR platform aims to provide better experiences for consumers and merchants through 'added security, loyalty, offers and digital receipts, no matter where they choose to shop — online, on their mobile or at the checkout'.