Challenger bank Revolut has introduced a QR code payments solution for small businesses.
The new feature will enable business owners to accept instant payments and check that they’ve gone through in the presence of the customers.
The Revolut Business will generate a QR code that customers can scan with the camera on their phone, which will trigger a prompt to pay with Apple Pay, Visa or Mastercard. They can complete the transaction on both iOS and Android devices.
“The popularity of QR codes has increased as this payment method is quick, easy and allows people to make socially distanced payments which are increasingly important during the global pandemic,” said Paulo Guichard, product owner for acquiring at Revolut.
“We’ve removed the need for additional devices or hardware, as all business owners have to do is use their Revolut Business app and show customers a QR code to accept payments straight away through this efficient and touch free method.”
Copyright © 2021 FinTech Global