Nigeria Quick Response (NQR) Code
Receive and make payments securely by scanning with your mobile phone at various stores and outlets using the NIBSS QR (NQR) payment system.
How NQR Code can help your business
Accessible
The QR Code can be used 24/7
Easy
Easy to integrate into your cash register
Fast
Both customers and business owners will get transaction alerts instantly.
Secure
It is a secure payment option for your customers, as there is no need to carry cash.
What you get
- Seamless onboarding
- Instant credit to your Bank Account for all customer payments.
- Instant transaction notifications to the business owner and the customer (making the payment).
- Lower transaction fees
- Little to no payment chargeback or dispute issues
- Easy payment reconciliation process
How to sign up for NQR Code
- Complete the QR onboarding application form
- After validation, a QR code is generated, and a QR code decal is delivered to the Merchant location.
How to pay with QR Codes
- Launch the Stanbic IBTC Mobile App on a mobile phone
- Click on payments
- Click on 'pay with QR Code.'
- Scan the NQR code displayed at the point of payment
- Enter the amount and confirm the payment with your PIN
- A payment notification will be sent instantly
- Merchant is credited
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What you get
-
How to sign up for NQR Code
-
How to pay with QR Codes
- Seamless onboarding
- Instant credit to your Bank Account for all customer payments.
- Instant transaction notifications to the business owner and the customer (making the payment).
- Lower transaction fees
- Little to no payment chargeback or dispute issues
- Easy payment reconciliation process
- Complete the QR onboarding application form
- After validation, a QR code is generated, and a QR code decal is delivered to the Merchant location.
- Launch the Stanbic IBTC Mobile App on a mobile phone
- Click on payments
- Click on 'pay with QR Code.'
- Scan the NQR code displayed at the point of payment
- Enter the amount and confirm the payment with your PIN
- A payment notification will be sent instantly
- Merchant is credited
Frequently Asked Questions (FAQs)
How does NQR code work?
Merchants or Business Owners on the NQR platform display NQR Codes generated to receive payments at their locations for goods and services. Payers or customers select the NQR option on their bank's mobile application and scan the displayed NQR Codes to make payment to the merchant. Merchants and Payers get instant notifications of payments made.
Who can use NQR code?
Merchants (big or small) can use the NQR to receive payments from individuals and get instant value in their bank accounts. Individuals can use NQR to pay for goods and services at merchant outlets.