Meaning
QR Code Payments refer to digital transactions made by scanning a Quick Response (QR) code with a mobile app.
How It Works
A QR code contains merchant details such as account or wallet information. Customers scan it using their mobile payment app, enter the amount, and complete the payment instantly.
Benefits
- No need for swiping machines
- Faster and secure payments
- Supports contactless transactions
Also Read: How to Scan a QR Code & Pay at Shops?
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