Enable Contactless Payment with QR Codes

Most of us considered contactless payments to be trendy before the Covid-19 pandemic. Business owners were unable to foresee the purpose to implement contactless systems. Being expensive to install it required technique to operate with not much of return on the investment.

After coronavirus hit us, a lot needed to be changed for making contactless payments. We can see reluctance in touching PIN-pads, currency, pens, and receipts by people.

Technology controls most contactless payment methods. A QR barcode has the capacity to monitor optical scanners and by the cameras in almost all smartphones.

If we scan a QR code, the device can pick the instructions implanted in the barcode. A QR barcode offers “quick response” and is two-dimensional in nature because is able to store the information horizontally and vertically. A linear barcode is one-dimensional as the information is stored only horizontally.

The QR code can pass on instructions the scanning smartphone to navigate to a website in no time. It is cumbersome type out a long URL, instead of pointing a smartphone camera at the QR code and have the website or app open automatically. QR code provides ease of use as an alternative to NFC for contactless payments.

When we scan a QR code, it instructs the smartphone to navigate to a URL. Instructions, including the URL itself, are embedded in the two-dimensional barcode image.

QR Codes for Payments

Businessmen can accept QR codes display that code placed anywhere inside or outside the shopping store (including websites and apps). Even a display sign, a sticker, a poster or even a business card can be read by a phone camera.

The QR code can be scanned by the customer’s phone to navigate to a website or lead to an installed app. After scanning QR code opens a website, the customer enters the purchase amount, makes a selection of payment method (usually a card or other method on file), and then decides to “pay” or “send” by the click of a button.

In most QR-code-based payment systems, the customer and the merchant receive a payment-completion notification instantly. When a merchant asks to see the customer’s electronic receipt (displayed on the phone) the merchant can double check to see if the payment was received. Satisfactory to parties, the transaction is complete and the customer is able to take the product or service.

This process ensures that a customer does not touch anything except personal smartphone. The merchant needs to look at a computer monitor, smartphone, tablet, or any internet-connected device.

The new feature needs the merchant to have an account number to receive payment. The process is smooth and layman technology-based POS offering best of benefits.

The easy two-step process is hassle-free and the merchant and customers have to open any digital wallet of banking app and tap on Scan QR Code or Scan & Pay while scanning the ePaisa QR Code to make any minimum payments to the merchant for goods or services.

With a new QR payment option in its product line, ePaisa plans to reach every business segment in the Retail industry, Local Transport Services, especially Small Merchants in tier II, III, IV cities, where still cash is the primary payment mode.

ePaisa contributes to the Government’s vision of digital & Cash-less India has partnered with ICICI bank as its payment gateway for all its UPI transactions. Currently, ePaisa is empowering more retailers and kirana stores across the country to accept digital payments and further contributing their business growth.

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