Kenya has commenced the implementation of the Kenya Quick Response Code Standard 2023 (KE-QR Code Standard 2023), which aims to promote customer convenience and security.
The standard will also support future interoperability among different payment service providers’ platforms.
“The implementation of the Standard, and use of standardised QR Code-enabled payments, will bring practical benefits to businesses and customers. Customers will now be able to make digital payments in an easy, fast, convenient, and secure manner using QR,” said the Central Bank Kenya in an emailed statement.
Another milestone that will enable customers to make digital payments in an easy, fast, convenient, and secure manner using QR. pic.twitter.com/o9izgBASxW
— Central Bank of Kenya (@CBKKenya) May 3, 2023
The launch of the KE-QR Code Standard 2023 is one of the many initiatives by the CBK under its National Payments Strategy (2022-2025) to bring a fast, secure, efficient, and collaborative payments system that supports financial inclusion and innovations to benefit Kenyans.
The Standard, which is based on the EMVCo QR Code Specification, has been developed through collaboration between CBK, Payment Service Providers, banks, and card schemes, among others.
The Standard will be rolled out in a phased approach as these players align their operations to the requirements set out in the Standard and increase customer awareness.
