How advanced barcode technology is transforming payment trust.

In response to the growing use of counterfeit payment receipts, several Kenyan banks are now introducing 2D barcodes on transaction confirmations and digital statements. This trend, reported by financial analysts earlier this week, marks a big leap towards traceable, verifiable payments.

When built on GS1 standards, these barcodes become more than just scan able images they turn every transaction into a verified digital record. A Global Document Type Identifier (GDTI) can represent each statement or receipt, while the 2D barcode encodes the unique reference number, time and source location.

   

This helps businesses, regulators, and customers confirm instantly that a payment is genuine and unaltered. It is also a major step toward eliminating paper-based receipts and aligning with the CBK’s digital finance roadmap.

By fusing GS1 data standards with Kenya’s fintech ecosystem, banks are not only modernising payments, but they are also building a new culture of traceable, trustworthy digital finance.