Mastercard introduced Bill Qkr, a comprehensive solution designed to streamline and enhance the way bills are paid globally. This service aims to empower merchants, acquirers, payment facilitators, and service providers with faster card-based bill payment solutions.
The solution addresses challenges in digital bill payments, such as cumbersome user experiences and limited card payment options, despite 89% of people using or planning to use digital tools for bills. Bill Qkr offers flexible, cost-effective, and efficient options, including QR code payments for variable bills and Click to Pay for guest checkout.
Initial strategic partners across Africa, Asia Pacific, and Latin America, including 2C2P, AXS, CardUp, Curacel, and FitBank, will leverage Mastercard Bill Qkr. The service is live and available globally, aiming to improve customer payment processes, enhance trust, and boost collection success.
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