The Central Bank of Nigeria CBN Releases Framework for QR Payments as a guide for Nigeria payments.
“Quick Response (QR) Codes are a kind of matrix barcode representing information presented as square grids, made up of black squares against a contrasting background, that can be scanned by imaging device, processed and transmitted by appropriate technology”.
CBN Releases Framework for QR Payments
“These codes can be used to present, capture and transmit payments information across payments infrastructure. The technology further enables the mobile channel to facilitate payments and presents another veritable avenue for promoting electronic payments for micro and small enterprises.”