Jaiz Bank Plc has launched the newly introduced Quick Response Code, NQR, to Fraser Suites in Abuja, as part of the Bank’s efforts to drive contactless payment solutions in the country.
The Managing Director/CEO of the Bank, Hassan Usman, presented the platform to the Managing Director of Fraser Suites, M.G Nasreddin on Monday.
According to Mr Usman, the indigenous Payment Platform provides a reliable and enhanced payment experience that would lower transaction costs for customers.
He then assured the Fraser boss that the NQR Code would ensure quick and convenient means of payments for goods and services.
On his part, Mr Nasreddin appreciated Jaiz Bank for the deployment of the NQR, saying the platform would assist in easing payment for customers.
This he said: “The NQR service is designed for merchants/individuals to receive or make payments for goods and services.
“The Platform is integrated with the Bank’s existing mobile banking application to support retail payment and cardless ATM withdrawal.
“The payment system will only require customers to log into the app, scan the NQR code, authenticate the transaction with a PIN, and merchants are instantly credited with the value.
“It enhances the scanning to pay mode, fast-track the process for receiving money in real-time, and facilitates quick payments,” he said.