NQR Payment Solution is a secure QR-code-based payments and collections platform designed for merchants and customers to receive and make payments for goods and services. This indigenous payment solution is powered by NIBSS for and on-behalf of the Financial Services Industry in Nigeria. The account based transaction platform will unify all available closed QR code schemes in the country for consistent user experience and acceleration of digital adoption.
Main Transaction Types
Features of NQR Platform
Making Payment With NQR
Merchant presents NQR to customer at checkout
Customer opens mobile banking app to scan NQR
Customer visually inspects merchant details and inputs transaction amount if required
Customer authenticates transaction and merchant receives credit notification