QR stands for Quick Response, QR code is one type of matrix with the two-dimensional barcode. QR code-based payment is a quick solution for the secure deployment of digital payment infrastructure. Merchant displays a static QR code in his place of business, at the point-of-sale & can replace POS Machine with printed QR Code.
QR Code will allow all the merchants to accept digital payments without the use of a Point-of-Sale (POS) machine. It will allow the buyers of any bank to use their smartphone app to make payment using their debit/ Credit Card & E-wallet. The customer can scan the QR code and complete the transaction.
Benefits of QR Code
- Quick Activation & Zero % charges with Instant settlement. No any kind of hidden charges.
- From Devdut it is Easy to get your own QR code. which is more Secure and stable real-time transaction processing.
- When the consumer pays the amount through Qr code, just tap it will directly be added into the merchant bank account.
- Get notified via SMS and email for each successful payment and can track those on the QR app. merchant also track all transition through merchant dashboard
- Unlimited Payment Acceptance. It is reliable, Fast & highly secure. There are many ways a Merchant can share QR code. For example (from the devdut app to any messenger app, QR Code link, WhatsApp & much more.)
Conclusion: QR code is a big bet for the future, with a greater number of connections, smartphone users, customers this is the way to go! It certainly adds another payment mode with good scalability. Providing consumers and merchants with various choices is always a good thing
