1QR

1QR

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.