Revolut Business launches QR codes for enabling socially distanced payments

By Megha Bhattacharya

Revolut Business today announced the rollout of QR codes in a bid to enhance payment acceptance processes, allowing for socially distanced payments. The company stated that business owners can access QR codes on their phones using just the Revolut Business app, without needing to purchase any additional devices.

Business owners can check payment success, receive payments easily and use their Revolut Business app to generate a QR code which the customer can scan with the camera on their phone, all while maintaining distance. The customer will then receive a prompt asking them to pay with Apple Pay, Visa or Mastercard and they can complete the payment from their own iOS or Android device.

Paulo Guichard, Product Owner for Acquiring at Revolut said, “The popularity of QR codes has increased as this payment method is quick, easy and allows people to make socially distanced payments which are increasingly important during the global pandemic. We’ve removed the need for additional devices or hardware, as all business owners have to do is use their Revolut Business app and show customers a QR code to accept payments straight away through this efficient and touch-free method.”

Recently, Revolut introduced its financial app designed for kids called Junior. The average child in Singapore starts receiving pocket money at 7 years old, as mentioned by the company. This is the perfect age for parents to begin engaging their children in conversations about money. Junior is controlled by a parent or a legal guardian. Revolut Junior, already launched in more than 30 markets globally, is now available to Revolut customers and their children/wards in Singapore.

According to the company, Revolut Business customers in the UK, Austria, Belgium, France, Denmark, Germany, Ireland, Italy, Netherlands, Poland, Portugal, Spain, Sweden, Bulgaria, Croatia, Czech Republic, Estonia, Finland, Greece, Hungary, Lithuania, Luxembourg, Norway, Slovakia and Slovenia can use QR codes.