QRys CODE PAYMENT SOLUTIONS
Leverage our QRys (Curious) Contactless Payment Solution a quick and economical mode of payment For consumers and merchants in this digital age
Easy and secure payment in seconds using QR codes or NFC tags, that do not require sharing of sensitive bank or card details
Pay or Receive money from person-to-person, person-to-account and person-to merchant
Extremely Easy to Setup & Use through 3-step initiation process
Across the globe, everybody is just warming up to the adoption of digital practices and utilities, and the best is almost certainly yet to come. In the foreseeable future, Contactless Payments will play a much larger role in daily life than just replacing other payment methods. The unique aspect of our solution is it presents equal benefits to the Payer (Consumer) and to the Payee (Merchant) without the need of any additional payment medium leveraging existing middleware infrastructure
Banks too can benefit themselves by using this for acquiring business of merchants (P2M) and also for their initiatives of Person to Person (P2P) & Person to Account (P2A) Remittance Business using Mobile Application (QRys).
PAYER / CONSUMER
- Zero details - Zero sensitivity
- Complete Payment Control
- Cardless, Cashless & Fraudless Payments
- On Spot Bill Settlement
- MPIN (HSM) Protection
- Time-stamped QR code
PAYER / MERCHANT
- Real time Fund Realization & Reconciliation
- No POS - No Maintenance Cost
- No receipts - No signature hassles
- No fraudulent Cards - No Risks
QRys is a simple, secured, convenient and innovative payment mode usable by scanning a QR (Quick Response) Code using QRys app on phones with a mobile camera or via NFC (Near Field Communication) tags. Through QRys, banks can offer its customers various services like Utility Bill Payments, DTH & Mobile Top Ups, Fund transfers to friends and relatives (P2P, P2A) and Merchants (P2M).
Activation of QRys involves a one-time requirement on the part of the consumer (the payer) to provide bank details and phone number, and then follow the intuitive activation mechanism by filling up security details necessary for authentication.
Subsequently, when the customer desires to make a payment, the seller (payee) asks for payment by generating a QR code or by displaying an NFC tag. The tag or the QR code contains pre-fed information like bill number, bill amount, bank details of the seller and other relevant information for the transaction to take place. The customer scans the code or taps the tag using the QRys mobile application previously installed. Once the application reads the information, a secure funds transfer is initiated via Immediate Payment Service (IMPS) for other banks or a simple transfer for payments within the same bank.
Consumers can thus complete payments in seconds, secure in the knowledge that personal data has not been compromised. Merchants too, can save on pay outs made to banks and be rest assured that data theft cases do not originate from their outlets. By keeping the control of payment authorisation in the hands of the consumers this solution ensures high security of data. The data is further encrypted using ‘QRypt’ security to make it impossible to reconstruct the QR code externally.
Since QRys is developed on QRys digital platform – it also comes integration ready with Unified Payment Interface (UPI) published by National Payments Corporation of India (NPCI).
QRys (Curious) is currently available on iOS, Android & Windows platforms.
- Multiple Channels Payments (QR Code & NFC)
- Interbank Money Transfers
- Merchants Registration with Bank
- Supported on iOS, Android and Windows
- Utility payments
- Quicker, Secure, Convenient, Consistent & Richer Consumer Experience