QR code: Difference between revisions

Revision as of 20:27, 22 June 2025

Revision as of 15:22, 23 June 2025

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In 2017, [[Singapore]] created a task force including government agencies such as the [[Monetary Authority of Singapore]] and [[Infocomm Media Development Authority]] to spearhead a system for e-payments using standardized QR code specifications. These specific dimensions are specialized for Singapore.<ref>{{Cite web |last=IMDA |date=November 9, 2022 |title=Annex A – Fact sheet on Singapore Quick Response Code (SGQR) |url=https://www.imda.gov.sg/-/media/Imda/Files/About/Media-Releases/2018/Annex-A--Singapore-Quick-Response-Code-SGQR.pdf |access-date=10 November 2022 |archive-date=5 December 2022 |archive-url=https://web.archive.org/web/20221205182456/https://www.imda.gov.sg/-/media/Imda/Files/About/Media-Releases/2018/Annex-A--Singapore-Quick-Response-Code-SGQR.pdf |url-status=live}}</ref>

The e-payment system, Singapore Quick Response Code (SGQR), essentially merges various QR codes into one label that can be used by both parties in the payment system. This allows for various banking apps to facilitate payments between multiple customers and a merchant that displays a single QR code. The SGQR scheme is co-owned by MAS and IMDA.<ref name=sgqr>{{Cite web |last=Monetary Authority of Singapore |date=November 9, 2022 |title=Singapore Quick Response Code (SGQR) |url=https://www.mas.gov.sg/development/e-payments/sgqr |access-date=10 November 2022 |archive-date=26 July 2022 |archive-url=https://web.archive.org/web/20220726112709/https://www.mas.gov.sg/development/e-payments/sgqr |url-status=live}}</ref> A single SDQRSGQR label contains e-payments and combines multiple payment options. People making purchases can scan the code and see which payment options the merchant accepts.<ref name=sgqr/>

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