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QR code payment is a contactless payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic funds transfer at the point of sale using a payment terminal. This avoids a lot of the infrastructure traditionally associated with payments such as payment cards, POS machines, and cash.
NIC ASIA Bank offers merchant to accept QR code payment from more Fonepay mobile banking customers in Nepal.
The customer now can simply scan the QR code of the Fonepay network by mobile and pay the bill amount instantly. The payments made through QR code will be directly transferred to the merchant’s Bank account in real time.
The QR code-based payments which are in the Fonepay network are accepted by most of the merchants across Nepal.
On successful registration in Fonepay Merchant will receive SMS with Username and Password in their mobile number. Download Fonepay Merchant App from Google Play Store or App Store. Login with provided Username and Password.
On every payment, both Merchant and Customer will receive an SMS notification from Fonepay.
Merchant can view all transaction details in their Fonepay Merchant App and bank statement.
Merchant can start accepting payment once they are registered using their Static as well as Dynamic QR Code from their Fonepay Merchant App.
On successful login by Merchant in Fonepay app, Merchant can generate dynamic QR Code by inserting Amount and Remarks.
Once Merchant login successfully, Merchant can generate Static QR from the login page.