The number of QR codes for payment is akin to the number of credit card offerings in the market — it keeps growing, making it more of a hassle than convenience for merchants and consumers. The Monetary Authority of Singapore (MAS) has stepped in to solve this problem with the launch of the Singapore Quick Response (SGQR) Code.
According to the study by the GSMA mWomen Programme and Visa, more than two billion people worldwide, the majority of whom are women, lack access to basic financial services.
The study, entitled, Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets, focused on women in Indonesia, Kenya, Pakistan, Papua New Guinea, and Tanzania. It was undertaken to gain additional insight into how financial institutions and mobile network operators can better support the complex financial lives of women at the base of the pyramid.