Going Cashless: Visa Ready QR Programme Launches with FOMO Pay and Razorpay as First Asia Pacific Partners
FOMO Pay and Razorpay, the Asia-Pacific FinTech partners of global payments brand Visa, are now the first Asia-based partners approved to roll out Visa-certified QR code solutions with convenience, security and reliability, under the Visa Ready Partner Programme. This means moving more consumers towards the future of cashless payments.
“Being part of the Visa Ready QR programme, FOMO Pay is able to fast-track our one-stop QR code payment solution into the market to help roll out e-wallet solutions and increase adoption for banks, financial institutions and corporates across the region. The certification has helped FOMO Pay greatly enhance customer confidence and brand awareness. With Visa, we can work together to promote a cashless lifestyle and enable different use cases to improve daily life for consumers.” – Louis Liu, CEO, FOMO Pay.
The well-structured Visa Ready Partner Programme allows mobile device manufacturers, technology partners, mobile network operators, and others, to gain access to Visa IP, licenses and best practices so that devices, software, and solutions that can initiate or accept Visa payments with tools such as QR code generators, merchant QR code test cases and QR code testing utilities.
“We at Razorpay have always been working towards improving the payment infrastructure in India and making it easily accessible to businesses. Now with BharatQR, we would be able to bring new payment innovations to our merchant base, both online and offline.
In the context of a rapidly evolving Digital India, the solution has great synergy with Razorpay’s expertise to onboard merchants instantly and support advanced features like multi-tier reporting. Brought together, this represents a quantum leap in solving cash on delivery for Indian businesses.” – Harshil Mathur, Founder and CEO of Razorpay.
Once approved, partners may use the Visa Ready mark with the approved solution on their websites and marking collaterals. The collaboration between Visa and partners will enable a wide array of new QR code use cases in the market, accelerating the adoption of QR code payments, a low-cost solution for merchants, globally.
“With QR technology, merchants may not need to invest in payment terminals at point-of-sale, enabling them to transact electronically while solving many pain points associated with the use of cash.” – Hamish Moline, Vice President, Strategic Partnerships, Visa Asia Pacific.