The multi-stakeholder group on Mobile Initiated (instant) Credit Transfers (MSG MSCT), which is facilitated by the European Payments Council ( ), held its 29th Plenary meeting on 26 January 2022.
The MSG MSCT finalised a new document on the Standardisation of QR-codes[1] for MSCTs. It standardises a payee- and a payer-presented QR-code for all types of MSCTs, i.e. all payment contexts (person-to-person ( ), consumer-to-business (C2B), and business-to-business (B2B) and business-to-consumer (B2C)) while addressing both instant and payments. Before submitting the document through a fast-track procedure to an International Standardisation Body, the launched an eight week public consultation on the document.
The MSG MSCT also finalised the processing of the comments received through the public consultation on the Mobile Initiated (instant) Credit Transfer Payments and Interoperability Guidance (MSCT IG - EPC269-19) as well as the preparation of a Disposition of comments (MSG MSCT 123-21) document. The second release of the MSCT IG has been published in the meanwhile on the website.
According to their mandate extension (MSG MSCT 128-21) and following the MSCT roadmap (MSG MSCT 089-20v2.0), the MSG MSCT started further work on the interoperability of MSCTs based on Near Field Communication (NFC) or Bluetooth Low Energy (BLE). Following the open call for nominations on the website in December 2021, a dedicated new work-stream was established which started their work end January 2022.
[1] Quick-Response Codes