QR Payments - Innovate, don't imitate!
Instead of innovating payments, the new breed of QR/A2A payment schemes too often think of their system as a “primitive” form of card payments. Or, they treat payment merely as an enabler for their ambition of becoming a virtual bank. There is too much data, too much functionality and not enough effort to make the payment process better.
In this post, I want to make the case for removing data from QR payments.
In my view, the principles of any new payment system should be: “Payment moves money efficiently, anonymously and conveniently (for the customer). Use of account information is kept to a minimum. There should be no personal data.”