The Rise of Scan And Pay in the Digital Payments Landscape

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

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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. 

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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.

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• 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. 

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• 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 Mswipes QR code you can even
  generate invoices, raise tickets and get in-app
  notifications too. 
• Mswipes 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

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