Visa QR payments coming to Indonesia, Pakistan, Vietnam

Visa will soon be expanding its QR-based mobile payment service to ten more markets, including Indonesia, Pakistan and Vietnam.

The service, named mVisa, is now live in India, Kenya and Rwanda, and will soon be available to merchants and consumers in the three new APAC markets, as well as Egypt, Ghana, Kazakhstan, and Nigeria.

mVisa, a mobile solution, aims to provide easy and secure digital commerce to financial institutions, merchants and consumers in emerging markets.

The service is designed to help merchants overcome infrastructure issues by allowing consumers to use their mobile phones to make cashless purchases at merchant outlets, pay bills remotely and send money to friends and family members by securely linking their Visa debit, credit or prepaid account to the mVisa application.

mVisa digitizes the underlying account and allows consumers to transfer funds from their account to the retailer’s account reliably and securely by scanning a QR code.

Use cases of mVisa include the allowing subscribers of Tata Sky, a direct-to-home service provider in India, to recharge their account by using their mobile phones to scan the WR code directly from the TV screen or online. This function allows Tata Sky customers to order and pay for monthly or one-time services from home without having to visit a physical retail outlet.

Mahanagar Gas Limited, a utility provider in Mumbai, also issues customer bills printed with the mVisa QR code. Customers scan the QR code on the bill, as they would at a merchant outlet, and complete their transaction at their leisure.