QR (Quick Response) codes have been around for a long time but it took decades for them to gain reputation. When mobile phone technology made it possible to use these codes efficiently, the QR code marketing fad finally unveiled. Now QR codes allow us to carry out all kinds of actions, from accessing websites for more information to making payments. The advantages of utilizing QR codes have reached their prospective since smartphones could ‘scan’ these black dots and squares and interpret the information into data that humans can easily process. In this blog, you will know What Are The Benefits Of QR & Scan UPI.
The Indian Government has taken another step to encourage digital payments and has cut down things for merchants and customers by launching the Bharat QR Code.
Bharat QR Code will make use of the QR codes system for payments across merchant outlets. QR code or Quick Response code is a two-dimensional machine-readable code made up of white and black squares. It is used to store URLs and other information. The camera of a smartphone can read these. The Bharat QR Code is a more streamlined system that will decrease the technological issues and people will not suffer from card loss or card expiry issues. Moreover, it is the simplest method of payment for users.
If you want to pay with QR code, you can use a smartphone to scan the code displayed on the shop’s checkout, products, website, etc. and make online payment. To pay with QR code, you can just scan the QR Code, offered by the merchant; using your smartphone. Usually you would be using an app that enables you to scan the QR code and proceed with the payment.
Benefits to pay with QR code
- The merchant does not need to purchase any third-party hardware such as POS machine for payment acceptance. Though mPOS costs much less than physical POS, there is still some cost included in maintenance, purchasing, and training. Payment acceptance via QR can be regarded as a complete turnover as it only necessitates scannable QR code, whether on screen or on paper. It is a readily available solution and it lessens the need to input any transactions associated with data making it ‘trouble-free’ solution.
- Not only QR codes ease immediate payment, but online payment can also be tremendously quick compared to other methods. A customer only has to open the QR code application to scan the code and pay. After confirming the payment processing, payment is done within a few seconds.
- Using the QR code payments is very simple. There is no necessity for any infrastructure or added overhead cost to establish a QR code. QR code can be printed on the paper easily and can be used for payment and scanning. You do not need much of an infrastructure. Payment acceptance via QR code also reduces the necessity of any third-party application or physical devices such as POS.
- QR code payments are a fail-safe payment method as it reduces the likelihood of any kind of error. The pattern of black boxes comprises unique data which improves the reliability of the QR code payments.
These are some of the significant benefits of OR code payments and hence businesses and customers are using it increasingly.
Scan to Pay UPI enables you to scan a QR code at any retail store or merchant outlet and make a payment. Your payment is done in a few seconds and thus helps you save costly time. Scan Pay is not only advantageous for customers, but is also very useful for business owners as well. By incorporating the Scan to Pay option in their business, owners can certainly enhance traffic towards their trade. Scan to Pay offers a good first impression. By offering a QR code in any print media of the business, the customer gets all his information in one place instead of going around searching across various sites. In addition, with a QR code made available, you assist your customer save his time.
With this QR code facility, payments take place through IMPS and the money goes into the account right away. With this service, merchants also do not need to be afraid of limitations on a defined amount of money that can be accepted via a QR code.