eftpos announced the release of its eQR platform and evolving online payments capability for test drive as APIs to Australia’s FinTech and digital payments developer communities.
It ushers in a wave of eftpos digital transactions in Australia with capabilities built on new architecture to enable Fintechs and developers to innovate on the domestic debit network.
eftpos eQR sandbox for FinTech developers
eftpos Chief Information Officer Ben Tabell applauded this important milestone.
“eftpos is committed to giving FinTechs real access to real products, so they can test, iterate and launch products that delight users and generate wealth for the nation.”
“Our new sandbox offers far wider options to support job creation in the blossoming local digital payments ecosystem by building-in and integrating services from eftpos.”
The release, also called general availability of the new eftpos APIs, enables local and regional application creators to immediately start developing eQR and eComm innovations.
It brings the number of eftpos APIs to six.
Benefits of the eftpos eQR sandbox
In the near-term, it also means that local FinTechs, start-ups and software and solutions developers get timely access and a voice within eftpos’ safe and secure code sandbox to build and test new solutions and integrations ahead of the full launch of eQR later this year.
The eQR platform aims to reimagine the payment experience when businesses are looking to new digital innovations to help improve efficiency and create better customer experiences.
eQR provides Australian consumers and merchants with better, simpler, data-rich payments experiences no matter where consumers choose to shop online, mobile or at the checkout.
This initiative comes when Australians are becoming familiar with QR code technology through daily interactions with COVID19 check-ins and increasingly turning to digital shopping.
eftpos has a comprehensive innovation and technology strategy in its Product Roadmap, which was updated and released to the industry, and these latest releases are delivery in action.
Also under fast development are eftpos’ lastest eComm solutions, to deliver a new generation of far more secure online payments, also known as card-not-present.