A. Merchants to generate QR code and display near cashier
Sample scenario: Generate a payment QR code using FPS ID and without pre-defined amount, and display in public area in the shop.
- Single QR code for receiving payment at different amount.
- Target user groups: Shops, boutiques, cafes, taxi drivers, hawkers in street market.
- QR code can be displayed at open area, without disclosing mobile or email.
- Payer scan the QR code with own bank App, input transaction amount and proceed the payment
- Shop owners alerted for payment received from bank's push notification.
- Note: For displaying in public, please consider using FPS ID to generate QR code, instead of using mobile or email.
B. Money transfer among friends
Sample scenario: Generate a QR code using mobile/email with pre-defined receiving amount, and send privately to friends.
- Use mobile phone number or email address as proxy, in which the information is available to the payer.
- Preferable for money transfer among friends, without need to memorize bank account numbers.
- QR code can be shared near-by, or send through messaging tools.
- Payer scan the QR code or import the QR code photo with own bank App and authorize the transfer.
C. Money Transfer to Stored Value Facility (SVF)
Sample scenario: Add value to Stored Value Facility, more commonly known as e-Wallet (e.g. PayMe).
- Use to top-up e-wallet, or transfer to another person's e-wallet, without need to bind bank account or credit card.
- Choose the target SVF with FPS registered, input mobile and generate QR code.
- Scan the QR code or import QR code photo, input transaction amount and proceed the transfer.
Important Points to Note
- Register in the FPS settings of bank / SVF before using this tool to generate QR code for receiving payment.
- When choosing FPS receiving bank, suggest to choose a bank that provide instant push notification for payment received.
- Ask payer to validate the payment information carefully before proceed.
- If the QR code is generated with mobile/email, handle the QR code carefully to avoid fraudsters from stealing the personal information.
Limitations
- FPS is a platform connecting banks and stored value facilities (SVF), but it does not integrate directly with merchants. Unlike credit card platforms that can provide feedback directly to merchant on the payment result, FPS rely on payer and payee to exchange payment proof separately. (Credit card platform usually charge around 2%-2.5% for their services)
- This tool only supports payment to bank account or SVF that support FPS registration. Bill payment is not supported and please contact your own bank for details.