Pay Sharp Sharp


About NQR?

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 servicesThis indigenous payment solution is powered by NIBSS for and on-behalf of the Financial Services Industry in NigeriaThe 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

Key Benefits

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


TouchPoint & Use Cases


For More Details


NQR is a Quick Response Code and it is a secure platform for merchants and individuals to make and receive fast and instant payments.
Merchants on the NQR platform display QR Codes generated to receive payments at their locations for goods and services. Payers/customers select the NQR option on their banks mobile application and scan the displayed NQR Codes to make payment to the merchant. Merchants and Payers get instant notification of payment made.
Merchants/Business Owners, big or small, can use the NQR to receive payments from individuals and get instant value in their bank account.
NQR provides many advantages over existing e-payment solutions to both merchants and payers. These include: ➢ Instant value to merchants for all transactions. ➢ Zero cost of on-boarding, infrastructure and otherwise, to the merchant. ➢ Instant notifications to both merchants and payers of payment made. ➢ Lower transaction fees across the various price bands ➢ Little to no chargeback or dispute issues, as transactions are first authorized at the payer’s bank before being pushed to the merchant’s bank (push transactions) ➢ A reconciliation and reporting portal for merchants.
Merchants should please contact their respective banks/acquirers for the applicable fees on NQR
Yes, but the transaction limits are determined or set by the payer’s bank.
NQR builds on the existing instant payment infrastructure. Payers should please contact their banks to resolve any and all issues regarding NQR payments.
Merchants should please visit their preferred bank to be set up as a merchant on NQR.
Payers can gain access to the NQR via the mobile banking application of their bank of choice. To set-up your bank’s mobile banking app, kindly visit your bank website or any branch of your bank for assistance.
Below is the image of a sample QR Code.
The NQR Payment Solution is securely embedded into the banks’ mobile banking application and thus inherits all the security features therein. Also, NQR is built around the universal EMVCO Security Standards. In addition, payers are protected by a secret 4-digit PIN used to consummate transactions and known to only the payer. Payers are also encouraged to activate the security features of their smartphones to prevent unauthorized access and immediately contact their banks and GSM Network providers to immediately disable the mobile banking access and GSM SIM in the event their smart phones gets lost or stolen.
Merchants and Payers should please contact their respective banks for immediate resolution of all issues on NQR.