QR payment is a service which allows customers to make payments to a seller/merchant for goods and services and/or to perform a transfer to a Beneficiary using a unique two-dimensional quick-response (QR) code generated by the merchant/beneficiary. MBL offers merchant enrollment in QR payment services offered by Fonepay and We Chat Pay for different business entities.
QR payments are anticipated to be one of the most sought-after payment solutions in near future. The Fonepay QR Codes issued by MBL can be used for accepting payments from eSewa and mobile banking applications of more than 58 different banks and financial institutions, while We Chat Pay QR Codes can be used for accepting international payments from We Chat application.
Quick alternative payment option
Lower charge than POS – less Merchant Service Fee (MSF).
Merchants can withdraw money to their bank account instantly.
Wider acceptance – accessible from more than 50 Banks and financial institutions.
Auto settlement on a daily basis.
Complies with the Value Added Tax (VAT) refund scheme of the government.
A valid account in MBL, either individual or non-individual
Duly filled Merchant Registration Form
Duly signed and stamped Merchant Establishment Agreement Form
PAN, Registration and Citizenship document of the merchant