NQR
Get Paid Instantly – No More Waiting with NQR Code Payments.
NQR Payment Is an electronic channel that facilitates payments between buyers and sellers for goods/services by scanning a Quick Response (QR) code (i.e. a mobile phone-readable barcode) on a smartphone. With this, payment is made directly from the consumer’s account into the merchant’s account and both parties receive real-time transaction alert. QR code-based payments allow individuals and businesses to make payments without the need for cash. Customers can use their smartphones to scan the QR code from their Bank’s mobile App and make payments instantly.
| Feature | How it helps |
|---|---|
| No Chargebacks | Instant value to merchants for all transactions. |
| Easy on boarding | Zero cost of on-boarding, infrastructure and otherwise, to the merchant, acquirers and payers. Instant notifications to both merchants and payers of payment made |
| 360° view of transaction | Instant value to merchants for all transactions. |
| Easy reconciliation | Reconciliation and reporting portal for merchants. |
| Security | The product is very secure as transactions are initiated, authenticated and completed by the Payer using his/her Mobile App, hence protecting their account/card details from third party and/or the Merchants. |
| Providus bank account. | |
| NFC enabled Phone |
Next steps
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