What is QR code?
QR is short form from Quick Response. The QR Code is a two-dimensional code. It has a pattern of black squares that are arranged on a square grid with a white background. Imaging devices such as smartphone cameras can be used to read these QR Codes.
How do they work?
QR codes can be scanned from both paper and screen. To scan a QR code, you need to have one of the following things:
- A barcode reader that has the capability to scan QR codes.
- Tablet or a smartphone with an inbuilt camera.
Nowadays, there are also many QR code scan apps available that allow users to scan the QR codes with the utmost ease. All the user has to do is open the camera and place it towards the QR code; this will immediately identify it and subsequently open a push notification. The user then just has to tap on it to finish the operation.
There are also some payment and banking apps that can process QR codes for the purpose of bank transfers and payments.
There are many ways in which a QR code can be processed. Some of it is mentioned below:
- Scanning recipient’s QR code with a smartphone
- Retailers scanning QR code on user’s phone screen
- App-to-app payments
Benefits of using QR codes
QR code comes with several benefits which is;
Instant payments
Making payment via QR codes is extremely quick as compared to other modes of payment. All a user has to do is simply open the QR code scan app, scan the QR code, and confirm to process the payment. Within a few seconds, the payments are made.
Top-grade security
Making payments via QR codes is very secure. It’s because the QR code is nothing but just a tool that is used to exchange information. Any data which is transferred via QR codes is encrypted thus making the payment foolproof secure.
Easy to set up
You only require a smartphone with a camera and a QR code which is either printed or in the electronic form. The usage of QR codes for payments also eliminates the requirement of point of sale machine or any other special equipment used for payments.