Meaning
Dynamic QR is a QR code that changes for every transaction. Unlike a static QR, it contains details like the exact amount, merchant ID, and transaction ID. This reduces manual entry and ensures accuracy in payments.
Use Case
At a restaurant, when you scan a dynamic QR, the bill amount appears automatically. You don’t need to enter the total manually, saving time and preventing errors.
Importance
- Improves transaction safety since each code is unique.
- Makes reconciliation easier for merchants.
- Increases customer trust by reducing mistakes.
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