Following the publication of the document on Standardisation and governance of QR [1]- codes for Instant Payments at the Point of Interaction (IPs at the POI, EPC212-21v1.0), the multi-stakeholder group on mobile-initiated SEPA (instant) credit transfers (MSG MSCT) has prepared a new draft document on the Standardisation of QR-codes for MSCTs.

The document standardises a payee and a payer-presented QR-code for all types of MSCTs, i.e. all payment contexts: person-to-person (P2P), consumer-to-business (C2B), business-to-business (B2B) and business-to-consumer (B2C) while addressing both SEPA Instant Credit Transfer (SCT Inst) and SCT payments. The MSG MSCT leveraged for this work the document on “Standardisation and governance of QR-codes for IPs at the POI” (EPC212-21) they developed in 2021, hereby addressing the request made by the Euro Retail Payments Board (ERPB) to the European Payments Council (EPC) in their Statement of June 2021 (ERPB/2021/012). In addition, the present document contains a chapter devoted to the security aspects of the data contained in the QR-codes.

The new document also takes into account the answers received from the European Banking Authority (EBA) on the EBA Q&A tool under references 2020_5476 and 2020_5477.

Note that this new document also addresses Recommendation A included in the ERPB Statement published in November 2021 (ERPB/2021/028).

In order to help developing a successful MSCT ecosystem that provides value for all, it is very important to gather industry opinion and market feedback regarding this QR-code standard for MSCTs. Therefore, an eight-week public consultation is launched before a final version of the document is being prepared for publication on the EPC website and for further standardisation through an International Standardisation Body. The multi-stakeholder group values your opinion and welcomes any feedback and comments that you may have regarding the document, using the dedicated questionnaire (MSG MSCT 011-22v1.0).

Feedback should be sent to [email protected] by 14 April 2022.

[1] Quick-Response

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