QR Code Payments – What Are They And How Do They Work?

QR Code Payments Allow Merchants To Receive Payments From Customers Simply By Scanning Generated Qr Codes Using A Smartphone Camera.

QR codes are everywhere, brochures, Tickets, e-wallets and even banks.
With the country pushing for a cashless.

QR codes stands for a “Quick Response” codes.
It’s a 2 dimensional barcode with a ton of data and can be instantly scanned with your phone.

How Does QR Code works?
QR payments essentially instant bank transfers, instead of logging in someone’s bank details, you scan merchant code instead and manually key how much you have to pay and merchants will be directly notified on their account.