Compass Plus: Helps City Bank develop first interoperable QR code payment solution

  • As part of a major strategy to make the lives of both consumers and merchants easier in Bangladesh
  • City Bank has launched the country’s first interoperable QR code payments solution in collaboration with Compass Plus
  • The new solution brings together four key international payments networks American Express, Visa, Mastercard and UnionPay in one QR code
  • The launch will not only benefit consumers, by ensuring they no longer have to scan different QR codes
  • Compass Plus has played a major part in the development of the solution
  • The safety of the bank’s customers is key during this pandemic, QR based payments will enable City Bank to perform contactless payments
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Nubank Secures Conditional Approval for U.S. National Bank License

Brazilian fintech aims to expand services in the American market.Highlights: Nubank receives conditional approval for U.S. banking license.The...

Nationwide Strengthens Lead in UK Current Account Switching Table

Nationwide sees continued success in attracting new customers through account switching.Highlights: Nationwide tops the UK current account switching...

Banks Reduce Reliance on OpenAI Amid Regulatory Concerns

Financial institutions shift focus as AI scrutiny increases.Highlights: Banks are decreasing dependency on OpenAI as regulations tighten.Regulatory scrutiny...

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...