How QR code payments work, Types of QR Codes, History of QR Codes, Use of QR Code at a time of Coronavirus,
As the coronavirus emerged as a disruptive and unexpected "Extremistan" event that has taken over the world with pessimistic effects that not has crashed the economy but also questioned the livelihood of people and making their decisions powerless. But in these atrocious time, the business has adapted certain steps to survive in these times, and one of the technologies that the businesses are adopting is "Digital Technology".
And in the digital technology, the QR Codes has been very handy in coronavirus to keep the various field of business going such as restaurants, hospitality sectors, and travel sectors.
Corona Virus was something like a roller coaster for the business like the customers were completely disconnected due to lockdown, so the main function of QR code was to link the digital world with physical. People can scan the code to process their payments and bills.
There are also many other uses of QR codes: many restaurants and hotels are using the QR codes to display menus or direct people to their website or booking page where they can order the food, reserve the room, book the table online. Additionally, they are also using the QR codes for identifying the people who conduct a virus or contact with it.
Talking about software companies, they have introduces the incorporated QR codes into its broader strategy of social distancing, sanitizer, and in order to inform employees of updates.
How QR code payments work?
The seller creates a QR code and displays it to the buyer.
The buyer scans the QR code using their banking or finance application such as Paytm or Google Pay and clicks the "Pay" button.
The monetary transfer is redirected to the seller’s bank.
The seller receives a payment confirmation and the payments system provides a receipt to the buyer.
QR Codes are of two types: static and dynamic.
Static codes are generated in advance and are printed and placed near the cash register. Once scanned by the customer, they enter the payment amount on the smartphone, which is then processed after they choose the Buy option.
Dynamic codes are created for a specific payment and already persist an amount for payment, as determined by the seller.
History of QR Codes:
The QR code comes with a counterstroke in this time of the Coronavirus Pandemic.
The barcode was designed by Masahiro Hara from the Japanese automotive company in 1994. Its sole purpose was to escalate high-speed component scanning.
When smartphones started gaining attention and also became popular, but they were hampered by the slow internet issues which prevented the successful execution.
In 2017, Apple's iOS updated the iPhone camera and were the first to scan the QR Codes with no third-party application required.
Use of QR Code at a time of Coronavirus:
The use of the QR codes has become paramount due to the fear of contamination through touch.
A government is using it more and more to trace the COVID-19 and control the spread. If you use a mobile phone to scan the QR Code, your details are been logged in.
In the UK, the QR code is necessary if you own hospitality services, including pubs, bars, restaurants, and cafes; tourism and leisure services, including hotels, museums, cinemas, and amusement arcades.
In France, anyone who needs to travel has to fill out a digital form that generates a pdf certificate containing code, which is used to get through the station without touching anything
Businesses such as gyms are also seeking to use QR codes to make their businesses entry and access touch-free.