QR Payment

QR Payment

QR code payment is a contact less payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic fund transfer at point of sale using a payment terminal. This avoids a lot of the infrastructure traditionally associated with payments such as payment cards, POS machines and cash.

QR code payment Advantage in your Business

CHITCOL offers merchant to accept QR code payment from more Fonepay mobile banking customers in Nepal.

Our valued members now can simply scan the QR code of fonepay network by the CHINA TRADE SMART APP and pay the bill amount instantly. The payments made through QR code will be directly transferred to the merchant’s Co-operative/ Bank account in real time.

The QR code based payments which is in Fonepay network are accepted by most of the merchants across Nepal.

Get your CHITCOL Merchant QR Code

• Personal entity must open Account with the CHITCOL.
• Submit the PAN and business registration document.
• Fill up the Know Your Merchant Form.
• Sign an agreement with the CHITCOL to accept QR Payments.
• Self-Registration in Fonepay Merchant App by Member Benefits of QR Code.
• QR Code will allow all the merchants to receive digital payments without the use of Point-of-Sale (POS) swiping machine and is quite cheap with low service charge.
• It saves time as the payment gets directly transferred to the co-operative/ bank account.
• All the payment details and statement can be viewed online via mobile app.

How to Use

On successful registration in Fonepay Merchant will receive SMS with Username and Password in their mobile number. Download Fonepay Merchant App from Google Play Store or App store. Login with provided Username and Password.

On every payment both Merchant and Member will receive SMS notification from Fonepay.

Merchant can view all transaction details in their Fonepay Merchant App and account statement.

Merchant can start accepting payment once they are registered using their Static as well as Dynamic QR Code from their Fonepay Merchant App.

Dynamic QR Code

On successful login by Merchant in Fonepay app, Merchant can generate dynamic QR Code by inserting Amount and Remarks.