The purpose of the Regulation on the Generation and Use of TR QR Code in Payment Systems is to set the standards for the generation and use of TR QR Code in payment services.
The Central Bank (CBRT) has taken the first step toward setting the rules of the "TR QR Code", which will help make QR code use in payments more widespread. The draft aims to create a standard QR code structure and a common framework that everyone can use. With TR QR Code, the goal is to further increase cashless payments in daily life.
A new era is beginning for the QR code application, which came into heavy use as contactless transactions rose during the pandemic. It will contribute to the goal of using less cash. While these rules aim to make payments easier, businesses, including SMEs, will be encouraged to accept QR code payments.
According to the draft Regulation on the Generation and Use of TR QR Code in Payment Services prepared by the Central Bank, TR QR Code can be used in every kind of transaction that falls within the scope of payment services and is made using these codes. These codes can be generated, in accordance with the rules, by a payment service provider that holds a QR Code Generator Code. The Central Bank may set an upper limit on the payment transactions that can be carried out. Where necessary, a QR Code Routing System will be established by the Interbank Card Center (BKM) to transfer the information contained in the code between payment service providers.
The usage models of the QR code to be created are also starting to be defined in the draft document, which contains the principles and rules. This method, which supports a wide variety of payment services such as e-commerce, in-store payments and institution/bill payments, is divided into two according to its content and reusability.
Static QR codes are codes whose content is fixed and which can be used in more than one transaction. They are generally preferred by small businesses and vendors (such as bagel sellers, florists and kiosks). Customers will be able to make a payment by scanning, through mobile applications, the QR code that contains the business's account details while shopping.
Dynamic QR codes, on the other hand, are codes generated specifically for the transaction at hand and serve a single use.
It is stated that this work, which contains many technical details, is a first draft and will take its final form in the coming period based on opinions from the relevant banks, NGOs and other groups.
You can access the details of the draft at the link below.
http://www.kompozit.org.tr/wp-content/uploads/2020/06/DOC-1.pdf
