expressPay Officially Rolls Out myQR Code Platform For Cashless Payments
expressPay Ghana Limited, one of the most well-known fintech companies in Ghana, has added a Quick Response (QR) Code called “myQR” to its suite of cashless payment services.
expressPay merchants will now have the option of facilitating cashless transactions with the introduction of the myQR product.
The platform is open to anyone with a bank and mobile money wallet seeking to receive or make payments without physical interactions. expressPay claims users can set up and enable a QR code within 60 seconds to receive payments.
On the launch of the new service, expressPay CEO Curtis Vanderpuije, said, “We’re constantly seeking ways to make financial services simpler for Ghanaians. The silver-lining with COVID-19 is that it has illustrated the use of digital services for payments and myQR serves a great need at this time.”
“myQR is securely processed by Visa, banks, and mobile money services so Ghanaians can be assured of the safety of their data. It is a very personal service, hence the tagline, “myQR, my money” Mr Vanderpuije added.
Setting Up QR Payments
Merchants or individuals can go to www.myqr.express to generate a free customised QR which they display physically at their premises or across social media. To make a purchase instantly, customers scan the QR code with their preferred payment app or USSD interface.
Merchants can receive payments from ay Visa on Mobile-enabled payments apps – expressPay, Ecobank, GT Bank, Standard Chartered Bank, and Zenith Bank apps.
Once a QR is scanned, the purchase is instant, and the merchant receives a notification for successful payments. Thus, effectively minimising the number of steps involved to make digital payments.