HPS introduces QR-based National Payment System – Saudi Gazette

HPS introduces QR-based National Payment System – Saudi Gazette

The goal is to develop an integrated payment environment, and that allows all parties to benefit in an open-loop payment environment based on the latest messaging standards - ISO 20022.. The QR Code enables a merchant to present a request for payment to a consumer, who can then verify and make a payment, or reject the request.. Qatif region cordoned off after report of all 11 corona cases.