What is this application?
pay@POS is a mobile-first application that generates Central Bank standard QR codes for Hungarian instant payments.
It's like a POS terminal, but instead of accepting card payments, you are presenting codes for your customer to start an instant payment on their mobile application.
The money get to your account immediately. The bank-sector guarantees the delivery.
You only have to enter your name, and your account number. There's no registration process involved.
POS terminal feeling
You only need to type in the amount, and the QR code is ready. You can show it to your customer without delay.
We1ve optimized it to be as quick as possible, even on older phones.
You don't need to be online with this progressive web app to generate the code.
Optionally, you can present the geolocation as well - you need to enable the GPS access.
Message to customers
Customizable general message, that shows in the account history. Example: Thanks for shopping!
If you want an id on your account statement - delivery depends on the banks involved.
Mobile-first design approach, works with portrait and landscape mode as well.
Instant payment? What's the process?
The Instant Payment (IP or AFR) infrastructure allows that money transfer transactions between Hungarian banks are fulfilled in 5 seconds, 24x7. Even during holidays.
The merchant generates the QR code
Use the pay@POS application - you present the amount, the code is ready!
The customer scans and initiates the transfer
The customer uses his or hers banks' mobile bank to scan the QR, then starts the transaction by signing it. The QR contains the merchant's name, account number and the amount as well.
Banks execute the money transfer
Money travels from the customer's bank account to the merchant's bank account. The amount is accessible on the merchant's account without delay.
The merchant's bank notifies the merchant
If you set up SMS or other kind of notification on the incoming payments, you will be notified by your bank. If not, you can double-check your account statement in your e-bank.
The 7x24 infrastructure makes it possible that along with cash and card payments, money transfer can be used to pay for goods and services at the point of sale.
Try it between your own and your friends' account with a small amount!
This involves the customers' mobile bank. Which bank supports the QR standard?
Banks are developing currently their solutions. New applications are released monthly, increasing the number of customers who will be able to pay with QR.
We know these banks went live with QR scanning in their mobile application.