Overview

FSS QR Pay is an interoperable payment acceptance solution. The solution integrates with multiple channels and is backed by multiple international payment schemes like Visa and Mastercard.

FSS QR is a one stop shop for QR based payments where merchants will only need to display one QR for all the channels.

Integrations – Supports Interoperability

Key Capabilities

Interoperable

Easily interfaced with all existing and new payment channels

Supports multiple channels, multiple instruments

Supports Merchant Hierarchy

Multi chain retailers, counter level management

An infrastructure light, interoperable digital payment solution that aims at enabling easy, quick and secure payments at merchant locations or physical stores, irrespective of the size and scale of merchants, the solution is scalable horizontally and vertically

Simple Merchant on-boarding

Easy Generation and download of QR Codes onto the vendors

Decentralized process of QR generation as member banks and merchants can easily download QR codes from the respective web portals

Transparent dissemination of QR codes

Dynamic and Static QR Codes generation

Depending upon the business use case, the QR codes can be generated in static mode or can be generated dynamically by the merchant

Cost Effective

Boosts Merchants’ confidence in the bank as no additional charges for merchants for using QR as a payment acceptance solution

Benefits
Benefits to Banks

Increase in merchant stickiness

By providing cost effective multi-channel payment acceptance solutions to merchants, helps to control their cost.

Reduction in maintenance effort

Less maintenance effort required by banks; remote maintenance is possible in many cases

Broad base merchant acquisition

Banks can now acquire smaller merchants because of low solution setup up cost benefits

Benefits to Merchants

Interoperability Benefits

Interoperability in QR based payments allows increased sales channels which positively affects the revenues. This also brings in the small merchants in the payment ecosystem effectively

Pocket Friendly

FSS QR Pay not require a terminal, so it is a less cost intensive to accept various e-payment options. Even smaller merchants can now accept payments at optimized cost

Less maintenance efforts

Benefits to Customers

Ease of Usage

Customers now just need to scan and pay, no need to carry physical cards or wallets and will be able to quickly and easily use their preferred QR payment channel.

Identity of Customers is guarded

The financial identity of the customers is not revealed to the merchants, providing greater sense of security to the customers.

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