Finance

Major Update: Kris+ to Adopt SGQR Codes Starting December 2024!

2024-12-13

Author: Wei Ling

Kris+ Transition to SGQR

Exciting news for Kris+ users in Singapore! The popular mobile payment platform is set to transition to the SGQR system beginning December 2024. This move aims to streamline the payment experience by replacing the multitude of QR codes currently used by merchants. Since the introduction of SGQR in 2018, allowing multiple payment apps to function with a single code, the need for single-use QR codes has become apparent, especially with over 40 payment players competing in the market.

Changes for Users

Kris+ users accustomed to the distinctive blue and purple-bordered QR codes will need to change their scanning habits. From the rollout date, merchants will no longer display the old Kris+ codes but instead will utilize the more versatile SGQR codes. It’s essential for users to ensure they have the latest version of the Kris+ app to successfully scan these new codes. A simple check on the app's scan screen will confirm this, as it will indicate “Scan Kris+ supported QR code” at the bottom.

Rewards Eligibility

While this upgrade simplifies the payment options for merchants, it’s crucial to note that not every SGQR code will be eligible for Kris+ rewards. Merchants must still be registered with Kris+ for customers to earn KrisPay miles on their transactions. So don’t be misled by the multitude of logos that appear at the bottom of SGQR codes; keep an eye out for the Kris+ icon to ensure you don’t miss out on your rewards.

Credit Card Benefits with Kris+

When using Kris+, it’s notable that transactions are classified as online spending. For optimal benefits, several credit cards can maximize your earnings. Cards like the DBS WWMC and Citi Rewards paired with Amaze allow users to earn up to 4 miles per dollar spent, making for a lucrative combination. For those dining out, selecting cards like the UOB Lady’s Card can also yield significant rewards, with up to 4 miles per dollar spent in the dining category.

Conclusion

As we witness the gradual disappearance of the familiar Kris+ branding, there’s no need to worry! Your favorite merchant is not leaving; just make sure to spot the Kris+ icon on SGQR codes for continued access to loyalty rewards. With this important transition on the horizon, more exciting changes and offers are likely to unfold in the mobile payment landscape. Stay tuned!