an innovative payment platform, NQR, to promote digital transaction and enhance …
an innovative payment platform, NQR, to promote digital transaction and enhance consumer payment experience.
According NIBSS, the new NQR payment platform, implemented on behalf of all financial service providers, will unify the available closed QR Code schemes in the country for consistent user experience and accelerated digital adoption.
The payment solution designed to be “low cost” for merchants, would see shoppers scan a QR code generated by a seller to pay for an item, as each code will have unique details containing the information relating to the transaction and would link with a customer’s Banking App, already enabled on their smartphone. Merchants can subscribe for this payment mode through their bank as it comes with loads of benefits for merchants and customers. #NQR #PaySharpSharp #NIBSS #FinancialInclusion #CBN
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