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In the wake of the COVID-19 crisis, customers are actively using QR code payments. These Quick Response (QR) codes are adding another new cashless and most importantly contactless payment mode to the digital economy, something that is much needed during this outbreak of a pandemic.
When a QR code is scanned, the software on your smartphone decodes the horizontal and vertical patterns of the matrix and converts them into a useful form. QR codes can store a large volume of data and can be read even if a part of the code is damaged. One of the few benefits of scan and pay QR code is security, as the information being captured is encrypted.
Using QR codes creates a win-win situation for both merchants and customers. For merchants, QR codes can shorten the customer wait time at the point of sale and introduces a hassle-free, device-free mode of accepting contactless payments.
With rising number of smartphone users and the vision of the incumbent government to make India a cashless economy, QR codes are certainly here to stay. Pine Labs' Paper PoS also complements your PoS machine as using a static QR code for your business gives you the opportunity to provide your customers with the quick scan and pay option for contactless payments.
If you'd like to know more about Paper PoS, please reach out to us and we will assist you.
By Sunil Param | on April 05, 2021
By Vinisha Kataria | on April 01, 2021