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.
QR Payment is a digital service that enables customers to make payments to merchants or transfer funds to beneficiaries using a unique two-dimensional QR code. MBL facilitates merchant enrollment for QR payment services through Fonepay and WeChat Pay for various business entities.
Fonepay QR allows payments from eSewa and mobile banking applications of more than 58 banks and financial institutions, while WeChat Pay QR enables acceptance of international payments through the WeChat 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