It is a new kid on the block! The 2D Transact mechanism is a new globally patented system that provides one of the safest and most convenient ways to make a payment without the need for a card or cash. The payment process is effectively a quick and safe wire transfer instruction you perform from inside your bank app to the party that presents you with a 2D transact code. The detail of the transaction, including the detail of the beneficiary to be paid, is already configured behind the 2D Transaction code you scan or type in whilst performing the payment, so no need for you to set up any detail of the person or company you want to pay. The whole payment process all happens within seconds.
What is even more interesting is the fact that you can use the very same 2D Transact process you use for making payment to also grant permission to 3rd parties, enter competitions, vote, transfer values, make withdrawals and deposits and even exchange goods or services between yourself and other parties.