The pandemic caused the market to place a huge value on limited physical contact and as a result, mobile payments have soared. Since the beginning of the outbreak, OTT Pay has worked relentlessly to anticipate what was required and has invested a lot of resources to develop new products and solutions that help merchants serve existing customers and connect with new ones.
As we enter the post-pandemic period it looks like the new normal will include contactless payments and to meet customer and merchant demand, OTT Pay designed the All-In-One QRC (AIO QRC) that consolidates WeChat Pay, Alipay, UnionPay, Visa, and MasterCard into one contactless product. Our new AIO QRC solution will be coming your way soon. In the meantime, let us give you a sneak peek of everything this new tool has to offer:
- Supports multiple scanning Apps to initiate payment;
- Consolidates mobile and traditional payment methods (WeChat Pay, Alipay, UnionPay, Visa, and MasterCard);
- Includes push notifications after every successful transaction;
- Supports the Remarks and Tip functions and offers a zero-transaction fee for schools and training institutions;
- Issues automatic e-receipts to customers;
- Allows a higher amount per transaction than with a static QR code;
- Supports cross-border transactions and one business day (T+1) settlements;
- Does not require equipment or involve development costs for merchants;
- Provides merchants with payment confirmation, a list of daily transactions and settlements, and monthly statement downloads through the OTT Pay Merchant Centre;
- Allows merchants to process refunds through the OTT Pay Merchant Centre and to deposit funds into the customer’s original account immediately after the return has been processed;
- Lets merchants monitor transactions and refunds directly on their smartphone when they download the OTT Pay App.
The post-pandemic environment we’re in right now is accelerating innovations in the world of mobile payments and OTT Pay is ready for it. Our new All-in-One QRC solution was designed to help merchants connect with customers who want to shop and spend money, but who still want to pay in a non-physical way.
Stay tuned for the official launch of our All-in-One QRC contactless payment solution. In the meantime, you can apply for your customized AIO QRC and sign our Merchant Agreement. Please reach out to our Customer Support Team at (+1) 800-688-9838 or send us an email at info@ottpay.com to get started!