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.
QR code payment Advantage in your Business
NIC ASIA Bank offers QR Standee to merchant for acceptance of QR payment from all mobile banking customers in Nepal.
The customer now can simply scan the QR code by NIC ASIA MoBank App 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 Bank provides QR code-based payments from the following networks which are accepted by most of the merchants across Nepal.
Nepal Clearing House Limited [NCHL] – Nepal Pay QR
SCT (Smart QR)
Get your NIC ASIA Merchant QR Code
The business entity must open an account with the bank.
Submit the PAN and business registration document.
Fill up the Know Your Merchant Form.
Sign an agreement with the bank to accept QR Payments.
Self-Registration in Merchant App by Business Entity
Benefits of QR Code
QR Code allows all the merchants to receive digital payments without the use of Cash.
It saves time as the payment gets directly transferred to the bank account.
All the payment details and statements can be viewed online via web or mobile app.
How to Use
On successful registration, Merchant will receive SMS with Username and Password in their mobile number. Download QR 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 regarding the transaction performed. Merchant can view all transaction details in their 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 Merchant App.
Dynamic QR Code
On successful login by Merchant in Fonepay app, Merchant can generate dynamic QR Code by inserting Amount and Remarks.
Static QR Code
Once Merchant login successfully, Merchant can generate Static QR from the login page.