Kathmandu. Banks and financial institutions have provided professional and personal QR codes to the customers. As per the initiative of Nepal Rastra Bank (NRB) to promote transactions with cash, banks have provided two types of QR codes to make digital transactions easy and fast.
For business QR business purposes, personal QR is provided for personal purposes. However, it is illegal to make or make payments in personal QR for business transactions.
Pros and cons of scan TAG_OPEN_strong_24 ning a business QR or personal QR
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Business QR (Merchant QR) scanned
- There is no additional charge.
- The amount goes directly to the businessman’s account.
- Transactions are secure and verified.
- There is transparency in the tax system.
- Contributes to the development of the nation.
- encourages online transactions.
Personal QR Scan Garda
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- There is an additional fee.
- The amount goes directly to the individual’s account.
- Your money can go to the informal sector.
Therefore, Nepal Rastra Bank has urged all to be aware of their customers and carry out safe transactions.
