Fonepay Dynamic QR Code
Dynamic QR codes are a modernized payment system. This system is becoming increasingly essential for businesses to step into modern payment systems. Customers get to experience a seamless, secure, and trackable transaction experience under this method.
Fonepay, the country’s leading digital payment network, provides a powerful solution for businesses with its dynamic QR code system. Below are things you need to know more about dynamic QR codes by Fonepay.
What Is a Dynamic QR Code?
A dynamic QR code is a type of QR code that contains a short URL redirecting to content that is updated or modified even after the code has already been printed or distributed. Dynamic QR codes allow flexibility, unlike static QR codes with fixed information. This flexibility makes dynamic codes ideal for business transactions.
Dynamic QR codes rely on external links or references, storing less data directly within the code. This lessens the density of the code, making it easier to scan and much more versatile for various uses such as payment processing, campaign tracking, and customer engagement.
Difference Between Static and Dynamic QR Codes
The core distinction lies in flexibility and functionality:
| Feature | Static QR Code | Dynamic QR Code |
|---|---|---|
| Data Stored | Fixed, embedded in code | Redirects to editable data |
| Editability | Not editable | Fully editable |
| Tracking | No tracking | Advanced tracking possible |
| Use Case | Fixed payment, URLs | Payments, campaigns, feedback, trackable events |
| Security | Basic | Higher, with encrypted links and control |
In short, static QR codes remain the same for all customers and require each customer to enter the amount manually. But the dynamic QR codes are generated per transaction with specific amounts and merchant data, making payments faster, secure, and error-free.
How Does a Dynamic QR Code Actually Work?
So a dynamic QR code works like this: when a merchant initiates a transaction, a dynamic QR code is automatically generated. And it comes with all the necessary payment information, merchant name, transaction amount, reference ID, and a unique identifier. This QR code is then displayed at the sale point on screen or on a printed receipt.
When the customer scans the code using any Fonepay-supported app, predefined information is instantly processed. No manual entry is required, which minimizes human error and ensures smooth transaction flows. Once the payment is made, the merchant receives real-time confirmation.
This process enhances the efficiency and speed of payment handling, especially for businesses managing multiple transactions per day.
How to Get Fonepay Dynamic QR Code?
Getting started with Fonepay’s dynamic QR code system is simple and accessible to all registered businesses in Nepal. Here’s how you can apply:
- Business Registration: Ensure your business is registered with the appropriate government authority.
- Bank Account Integration: Open a business account with one of Fonepay’s partner banks or financial institutions.
- Contact Bank or Fonepay Partner: Request to enable the Fonepay Dynamic QR feature via your bank. Most commercial banks in Nepal offer Fonepay integration for merchants.
- Technical Setup: Depending on your business scale, you may need to integrate Fonepay’s system into your billing or POS software.
- QR Deployment: Once activated, you’ll receive access to your dynamic QR system—either through a software integration or merchant dashboard—allowing you to generate unique QR codes per transaction.
This QR system is particularly beneficial for restaurants, retail outlets, e-commerce businesses, and delivery-based services where transaction speed and accuracy are crucial.
Why Be with Fonepay Business?
Fonepay Business offers a simple, affordable, and secure way to accept digital payments across Nepal. Here’s why it stands out:
- Low-Cost Setup: No need for expensive POS devices—just a QR code to accept payments from banks, wallets, and international cards.
- One QR for All: Use a single interoperable QR code to receive payments from multiple apps, making it easy for both you and your customers.
- Secure Platform: Fonepay is ISO 27001 certified, ensuring your transactions and customer data are protected.
- Easy Settlements: Join 600K+ businesses that enjoy fast and hassle-free payment settlements.
- Push & Pull Transactions: Let customers scan your QR or send them dynamic QR codes to collect payments instantly—in-store or remotely.
FAQs
1. Can I change the details of a dynamic QR code after it’s generated?
No, each dynamic QR is tied to a specific transaction and expires after the transaction is completed or times out. However, you can generate new dynamic QR codes for new transactions.
2. What do I need to get a dynamic QR from Fonepay?
You need a registered business, a bank account with a Fonepay partner bank, and access to Fonepay’s merchant system via your bank or integrated POS software.
3. Is there a fee for using Fonepay dynamic QR?
Fees vary based on your agreement with the bank or PSP. Many businesses enjoy low transaction costs, especially for smaller volumes.
4. Does the Fonepay Dynamic QR work offline?
Dynamic QR generation requires internet access. However, static QR codes can be used offline for generic payment collections.
