It is a single standardised QR code for e-payments and combines multiple payment schemes into a single SGQR label. Consumers just need to look out for the SGQR label to see which payment options a merchant accepts, while merchants only need to display one SGQR label instead of many labels. The SGQR scheme is co-owned by MAS and IMDA.
Pick your preferred payment option on the SGQR label and launch the payment app
Scan the SGQR code and check the merchant name
Key in the payment amount and complete your transaction
The key participants and stakeholders of the POC are: