Tuesday, 02 January 2024 12:17 GMT

Turkish Central Bank shapes national QR code customaries


(MENAFN) On Friday August 21 Turkey's Central Bank declared that it has instituted national QR code customaries as part of intentional efforts to hold up pioneering techniques of executing and managing expenses.

The bank statement showed that National policy and morality for the standardized TR QR Code aspire to improve the utilize of common QR codes in retail expenses and initiate practical, easier, more well-organized and safer expenses,.

The bank added that this will assist to decrease the utilize of physical cash in the form of banknotes.

Alongside this setting, a typical QR code structure and set of policies have been customary to facilitate interoperability by using a common language in the middle of payment system operators within the expenses infrastructure bionetwork.

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