Bank partners Facebook and Mastercard to pioneer QR payments on Facebook Messenger

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March 6, 2018 4:15 PM

QR Payments (Quick Response Payments) will allow individuals and small business make and receive payments in real time via Facebook Messenger.

Foremost Nigerian Financial Institution, Zenith Bank Plc has confirmed that it is in a strategic partnership with Facebook and Twitter to launch a Masterpass QR bot for Facebook messenger, that will enable Nigerian businesses set up digital accounts and accept QR payments.

According to the MD/CEO of Zenith Bank Plc Mr. Peter Amangbo, ‘the Bank is partnering with Facebook and Mastercard to introduce Masterpass QR as a means of driving financial inclusion and creating a new payment ecosystem for MSMEs and consumers.

This initiative will help us encourage financial inclusion within the country in line with the strategic thrust of the Central Bank of Nigeria (CBN). Buyers and sellers now meet and conclude transactions in-store, online and on social media, so we are ensuring payments can also be made on these platforms via QR codes, without having to log onto other solutions or even take a break from what you are doing on Facebook'

The Bank CEO further stated that Zenith Bank is focused on digital collaborations and innovations that will enable it’s audiences to fit banking into their lifestyles, make payments more seamless and promote business growth. The Bank plans to roll out the new QR Payments offering to its customers in Nigeria and other African countries where it has business footprints.

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