Today Belgium has seen the birth of a new mobile payment platform, Sixdots. It is a joint effort from the 3 largest telecom operators and several banks. Payments are done through a QR code, using the app.
Sixdots's goal is to create an open standard that customers from every bank can use. Customers from BNP Paribas, Fortis, ING, KBC, Belfius, bpost bank, Record Bank and Hello Bank can connect their account to the app and that will eliminate the need for a card reader from then on.
The only thing customers would have to do to finalize a payment is to scan the QR code and fill in a six-digit number to validate the payment. The code can be generated when it consists of an online Bancontact payment or when consumers want to arrange a payment between both parties. An increasing number of stores have now started printing the QR code on their receipt as well.
Sixdots aims to add new functionality over time, like the possibility to connect several cards, to save receipts and to use discount vouchers.