Itaú Unibanco unveils low cost instant QR payments service in Brazil

Brazil’s Itau Unibanco to launch new payments app using QR code — Reuters — “Merchants using Iti will pay a fee of 1% per transaction and will receive payments instantly… The app also does not require merchants to buy or rent card reader machines… Itaú is also considering offering investments, loans and insurance products through the new app.”

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