The Transaction Junction (TJ) Scan to Pay Dynamic QR code is generated uniquely for each transaction and displayed on the PED, for the customer to scan through the payment app of their choice. The main benefit is that it enables merchants to offer their customers a variety of digital payment methods through a single QR code. Without this solution, merchants will need to integrate with a number of digital payment providers and support a number of barcode types.
The integrated nature of this solution ensures that the transaction amount is included in each dynamic QR code, negating the need for the cashier to enter this on the POS, or for the customer to enter the amount on their app, in turn, reducing human-error and the costs associated.
“The QR code payment space is quite fragmented with retailers either having to select one of the digital payment providers or cater for multiple providers by displaying different codes, specific to each provider. Our concept is to offer a TJ-generated QR code that can be scanned by all the provider apps, thus catering to a merchant that requires acceptance of more than one digital payment in a simple and frictionless manner.”
Lester Sonemann, Head of Product at Transaction Junction