SPS is leading the charge in QR Payment Standardization, creating a unified framework that simplifies the use of QR codes for payments. By standardizing QR payment processes, we ensure compatibility across different platforms and devices, making it easier for consumers and merchants to adopt this convenient payment method. This initiative not only enhances the user experience but also reduces the barriers to entry for small businesses looking to embrace digital payments.

Debuted on 1st April 2024 in collaboration with the Central Bank of Somalia and Somali Bankers Association, the SOMQR standard is aligned with the global best practices for the payment industry and is expected to streamline and simplify payments across the various channels.