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 is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.
BankingFinTech

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