Who we are
An Inter-operable universal switch for all QR based payment operator
Provide a comprehensive eco-system for all stakeholders in Pakistan to transact QR based payments with settlements
Key Offering:
- Provide inter-operability among Various QR Based Payment Providers
- Create Level playing for small QR Payment providers and create a larger inter-operability eco system, better ROI for all stakeholders
- QR code agnostic. (EMVCo, Non-EMVCo and Proprietary supported)
- One switch for all stakeholders: Payment Processors, Banks, Microfinance banks, merchants and consumers
- Single point integration (One API to interface)
- NIFT ePay backend payment transaction system.
- Detailed Payment Settlements and accounting.
- Centralized reporting for State bank and stakeholders for activity.
- Uses industry grade encryption for secured payments (PKI/SSL)Partner Certification Program. (Certified partners to carry Partner Logo)
PakQR Benefits for stakeholders
- Economy
- Increase Financial Inclusion
- Economic activity reporting by geographical area and industry sectors
- Consumer
- Transition to cashless economy
- Reduce confusion and ease of use
- Improve safety with less cash handling
- Convenience
- Eventual expansion of E-commerce
- generally
- Financial institutions
- Transition to cashless economy
- Reduce cost of transaction
- Increase Customer base
- Reduce support and maintenance cost by eliminating POS machines
- Merchant
- Transition to cashless economy
- Reduce cost of transaction
- Improve efficiency by providing Digital POS and reduce numerous POS machines
- Increase Sales
- Improve safety with less cash handling
- Facilitate transition to E-commerce