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The Rise of Scan And Pay in the Digital Payments Landscape

Scan and pay digital payment option powered by QR code or Quick Response technology has been around for many years. But the changing digital payments landscape with social distancing requirements due to Covid-19 has enabled the rise of scan and pay.

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The Rise of Scan And Pay in the Digital Payments Landscape

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  1. The Rise of Scan And Pay in the Digital Payments Landscape

  2. The Rise of Scan And Pay in the Digital Payments Landscape • Scan and pay digital payment option powered by QR code or Quick Response technology has been around for many years. But the changing digital payments landscape with social distancing requirements due to Covid-19 has enabled the rise of scan and pay. • Accommodating touch-less commerce is the top priority for businesses, merchants and retailers and providing seamless and touch-free payments through QR code is the best option. Also, scan and pay and other such payment option is imperative for a modern cash-less economy which is believed to dominate in the future.

  3. Understanding Scan and Pay • Scan and Pay is a mobile-based digital payment facility where merchants can receive payments via QR code. A smartphone with an app which supports this feature is the only requirement. You can enable your customers to pay easily by scanning the QR code, entering the transaction amount and the payment is done. The hassles of providing contact number, merchant ID or swiping the card can be avoided completely using scan and pay.

  4. How Merchants Can Benefit Using Scan and Pay? The scan and pay digital payment option can completely overhaul the buying experience of consumers. It gives merchants an unmatchable opportunity to offer fast, safe and convenient payment option to their customers. 1. No More Queues • In a traditional brick and mortar store, the customers pick items and reach the checkout space to make the payments. More often than not, there are long queues and a customer has to wait for a long time to make the payment. Similarly in small and medium businesses in India, the payment counter is generally crowded. • With scan to pay option, customers can make faster checkouts and thus no queues or waiting is necessary.

  5. 2. Cost Savings • When merchants offer scan and pay option to customers, the number of personnel required to manage payment is reduced who can invest time in taking care of other tasks. This would also mean less space and low maintenance too. Furthermore, it eliminates the need for paper receipts. All these combined together can help merchants do cost-savings and invest the same in other urgent requirements. 3. Customer Engagement • Scan and pay is a remarkable touch-free method for making payments. With the ongoing Covid-19 situation, the consumer is more inclined to engage with those businesses who offer safe payment technology option. Therefore, merchants have a great opportunity to maximize customer engagement.

  6. Real-Time Data • Offering scan and pay facility using QR code app helps merchants analyze an extensive amount of real-time data. Each transaction and its detail can be found. The number of transactions, offers and reports is available for better decision making. With Mswipe’s QR code you can even generate invoices, raise tickets and get in-app notifications too. • Mswipe’s scan to pay QR can be used by retail, restaurants, grocery, salons and others. It accepts payment from all mobile payment app or UPI app like PayTM, PhonePe, BharatPe etc. used by your customers. With mQR, you can accept payments via any card brands like MasterCard, RuPay, VISA, American Express and others. For more details, visit www.mswipe.com

  7. Card Swipe Machine, Micro ATM Device, Prepaid Cards, EMI Card, ETC.

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