1QR is an innovative development over the existing 1IBFT service, that contributes convenience at customer’s end by transforming the way P2P and Retail payments are work.
1QR potentially opens a new market of P2P and Retail transactions below the threshold of PKR 10,000. Given the rise in trend of modern trade and ride-hailing services, 1QR will be a ‘game-changer’ for the Pakistani market.
1QR caters the following transaction set:
• P2P: The receiver shares the credentials in form of a QR, and the sender scans the QR to make the payment
• Retail: Instead of swiping the card on POS, the customer just needs to scan the QR Code displayed on the counter via his/her mobile phone.