The History of QR Codes for Payments
QR codes have been around for decades. Their use in payments, first popularized by WeChat and Alipay, has served billions. QR codes are quick, easy to use, and contactless, and thus, have reached new heights of usage during the pandemic.
The Problem with Early QR Code Payment Solutions
Today’s QR code-based payment solutions have many functional and customer payment journey barriers to adoption and shortcomings. First, they usually require the use of a stored value payment app such as Alipay or WeChat (a multi-function social media app). Second, they don't take advantage of modern, tokenized, and ubiquitous mobile wallet solutions such as Apple Pay or Google Pay. Finally, there is no easy way to integrate available payment technologies with the fragmented point-of-sale (POS) ecosystem and restaurant & hospitality workflows.
QR Pay – A QR Payment Solution Designed for Hospitality Operators
QR Pay has developed a smart, scalable, reliable, and easy to deploy solution for hospitality operators and their valued customers. QR Pay addresses the shortcoming of early QR code-based payments platforms at exactly the right time. Where almost everyone has a smartphone in their pocket today and a large population of those users have also embraced digital wallets, why are your guests still fiddling with cash and credit cards, and why are your servers struggling to bring terminals to the table or taking credit cards back to the POS terminal for payments?
For us, QR is not just the use of QR codes. It also stands for Quick and Reliable. QR Pay has developed a better solution for hospitality operators, a quick and reliable way to pay at the table, at the counter, curb side, or at a catering event without the hassle of installing an app or being stuck with a specific payment method. Our innovative solution also allows guests to be able to split checks or pay ahead of time from within a text message or email. At QR Pay, we want to use QR codes and rapid adoption of digital payments and wallets to improve both service and efficiency for restaurants, bars and pubs, nightclubs and entertainment venues and operators.
