More payment methods

QR Payment

Transforming Transactions with Quick Response Codes

QR Payment is a modern payment method that utilises Quick Response (QR) codes to facilitate seamless and efficient transactions. By integrating QR codes into the payment process, businesses and individuals can initiate payments, receive funds, and engage in various financial activities using their smartphones or other digital devices.

Documentation
% of coverage
  • Global Adoption

    Increasing, driven by the rise of mobile payments and digital wallets

  • User Base

    Expanding, reflecting growing preference for QR-based transactions

% of coverage
  • QR Payment

    30%

  • Credit/Debit Cards

    50%

  • Other Digital Payment Methods

    20%

Payment Method Overview
  • Type:QR Code-Based Payment System
  • Availability:Widely adopted globally, both in physical and digital contexts
  • Accepted Currencies:Various supported currencies, depending on the platform
  • Refunds:Subject to the policies of partnering merchants and financial institutions
  • Chargebacks:Possible through collaborating financial institutions, subject to terms and conditions

About payment system

QR Payment represents a versatile and accessible way to conduct transactions using QR codes. This payment method enables users to complete payments by scanning QR codes displayed at point-of-sale terminals, online platforms, or even printed invoices. The convenience of QR codes allows users to make payments swiftly, eliminating the need for physical cash or cards.

To initiate a QR Payment, users typically open their mobile payment apps or digital wallets, scan the QR code presented by the merchant, and confirm the transaction details. The payment is then processed, and both parties receive instant notification of the successful payment.

QR Payment’s significance is evident in its adaptability to various contexts. It is widely used for both in-person and remote transactions, making it suitable for brick-and-mortar stores,

online shopping, bill payments, and person-to-person transfers. Its simplicity and accessibility make it particularly appealing to individuals who may not have access to traditional banking services.

The QR Payment ecosystem continues to evolve with the integration of new features and technologies, such as dynamic QR codes, biometric authentication, and integration with loyalty programs. By streamlining the transaction process and reducing friction, QR Payment is reshaping how individuals and businesses engage in financial activities, fostering efficiency, convenience, and accessibility in the modern payment landscape.

Read all
Payment flow

The customer selects Visa as their payment option and enters their credit card details to complete the payment.

Payment methods that also might be interesting

PSE

PSE

Online banking

PSE is Colombia's primary online payment gateway, designed to facilitate electronic fund transfers.

Thai QR

Thai QR

Online banking

Thai QR Code Payments is an innovative digital payment method.

MobiFone

MobiFone

Online banking

MobiFone is a prominent mobile payment platform in Vietnam.

DOC

DOC

Online banking

DOC is a payment method for batched electronic fund transfers between bank accounts.

Zing money

Zing

Zing: Discover payment solutions worldwide

Zing is a global payments app. Discover other payment solutions at spoynt.com

M Pesa

M-Pesa

Mobile money

M-Pesa is a groundbreaking mobile money service introduced by Safaricom.

Mobiphone Money

MobiFone Money

MobiFone Money: Discover payment solutions in Vietnam

MobiFone is the first mobile money service provider in Vietnam. Discover other payment solutions at spoynt.com

Fortumo

Fortumo

Mobile money

Fortumo is a leading provider of carrier billing and mobile payment solutions.

Orange Money

Orange Money

Mobile money

Vodafone Cash is an innovative mobile money platform.

UPI India

UPI

Online banking

UPI is a real-time payment system that facilitates inter-bank transactions.

Show all payment methods
Pricing

Pricing request

Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.