Algeria’s Minister of Post and Telecommunications, Brahim Boumzar, has said that the use of electronic payment via Electronic Payment Terminal (TPE), the QR Code or the web merchant is “completely secure” and is “free”.

“In order to encourage citizens to make greater use of electronic payment, financial transactions carried out by citizens via the TPE (electronic payment terminal), the QR Code (payment from a smartphone) and the internet (merchant site) will be free (without any additional fees or taxes),“ said Mr. Boumzar during an awareness day on the subject. 

Here Is What You Need To Know

• According to Boumzar, the last deadline for the acquisition of TPE by all traders, craftsmen and liberal professions is set for December 31, 2020.
• The Universal QR code comprised squares of black and white blocks, which can be scanned by smartphones with the aim of making it easier for businesses to accept electronic payments, without additional fees or taxes.

Read also: Ghana to Launch Universal QR Code Payment System

• Singapore, China and the United Kingdom had already launched the Universal QR Codes last year.

“All of these operations are carried out in close collaboration with the Ministry of Commerce and the GIE monétique”, he noted.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer