What it is
A contactless payment method where customers use their smartphone to scan a scannable code displayed by the merchant to initiate a digital transaction.
How it works
The merchant generates a unique code containing transaction details. The customer scans it via their payment-enabled camera app, confirming the amount and authorizing the transfer through their digital wallet or bank account.
The Benefits
- Hardware Savings: Reduces the need for expensive physical terminal infrastructure.
- Contactless Speed: Accelerates the queue during peak retail hours.
- Data Insights: Facilitates easy integration of loyalty and rewards programs during the scan.
Best used for
Cafés, hospitality venues, pop-up retail, and services environments seeking a low-cost, high-speed payment alternative.