More Payment Choices

Electrum’s interoperable QR code payments solution will give consumers the convenient, contactless payment journey they are expecting. Existing integrations with third-party QR code providers, as well as Electrum’s QR code generation platform, means this solution generates and manages interoperable QR codes. These codes can be scanned by a variety of apps, and the resulting payment transaction can easily be processed between all relevant entities.

Whether you are a retailer, issuer, or acquiring bank, Electrum Payments makes accepting payments via interoperable dynamic and static QR codes possible.

How our QR Code Payment solutions can benefit your business

Acquiring Banks

Attracting new merchants through competitive pricing is tough. QR code payment acceptance can help to differentiate your acquiring portfolio. The opportunities presented by QR code functionality puts you ahead of your competition, and at the same time drives adoption of your banking app. Electrum’s QR code payment solution enables the generation and management of both dynamic and static, interoperable QR codes.

QR for banks flyer

Improve Merchant Loyalty
With QR code payment acceptance, you offer merchants more ways to collect payments. They will stand out from competitors, helping you to attract new merchants.

New Revenue Streams
Offering more ways to collect payments means more sales for your merchants.

Increased App Adoption
Support your bank-wide digital strategy by including QR code payment support within your banking app.

Issuers

Get your wallet accepted at small, medium, and large retailers. With Electrum you can easily and quickly leverage the existing QR code network to grow your payments offering.

QR for Issuers Flyer

Major Retailer Exposure
Electrum’s extensive retailer footprint gets your brand in front of consumers, quickly.

Rapid Rollout
Get solutions to market fast by leveraging existing QR code payment rails implemented by major retailers.

Enhanced Experiences for Consumers
Engage consumers through app-based payments, and let them enjoy the superior QR code digital payment experience

Retailers

Traditional, open-loop payment options are no longer enough as consumers expect choice, convenience, and safe ways to pay. Add closed-loop payment types, such as wallets, prepaid cards, vouchers, and more.

QR for retailers flyer

Improve loyalty
Give your customers seamless payment experiences

Accept more payment types
Offer customers more payment options at your till points

Reduce interchange fees
Closed-loop payment options can result in lower interchange fees and a lower burden of compliance

Over 1 Million Interoperable QR Codes Managed Annually

Multiple Integrations with One QR API

Electrum’s existing integrations with a variety of service providers and platforms means that implementation can be quick and seamless.

Including support for SnapScan and Zapper.

For further insights, have a look at our blogs

Innovation

Reuse, Reduce, Recycle (Good Tech)… RPP Style

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Digital Payments Factsheet: QR in South Africa

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Why QR remains relevant after Covid-19

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