United Bank of African (UBA) has launched Master Pass ‘Quick Response’ (QR) Bot, a solution that will enable the micro, small and medium enterprises (MSMEs) in Nigeria and across Africa to receive digital payments from their customers through scanning, using their Facebook account.
‘Quick Response’ (QR) is developed by MasterCard International in partnership with Facebook. QR allows payment collection by SMEs through Facebook Messenger and delivers unified and instant self-service across a range of interconnected payment solutions.
Synonymous to LEO the ‘Virtual Banker’, an artificial intelligence payment solution earlier introduced by UBA, Master Pass ‘Quick Response’ (QR) is a chat Bot, currently available via Facebook Messenger as Masterpass QR for Merchants. With QR, customers are given the freedom to shop across devices and channels.
Corporate organizations and government agencies can now have access to fast, simple and secure digital payments options via Masterpass, a global digital system that allows people pay for services using mobile phones.
Also, Individuals can now make purchases via merchant apps, in-store or online by simply clicking the Masterpass button and authenticating to complete a transaction. What a user simply needs to do is scan the QR Code generated by the merchants to pay. It makes transactions for both the merchant and customer fast and seamless.
According to the Group Executive, Digital & Consumer Banking, Anant Rao… “Our customers are at the heart of our business, that’s why we keep going the extra mile to satisfy them. As we are very well know Micro, Small and Medium Enterprises (MSMEs) contribute significantly to the economy but remain heavily dependent on cash to run their business; however, consumers are demanding safer and more convenient ways to pay.”
The innovative new platform enables micro, small and medium enterprises (MSMEs) in Nigeria receive digital payments from millions of customers by simply scanning. Access to mobile technology presents an opportunity to meet this demand, and the new UBA Masterpass QR Merchant App is set to change the payment landscape to the benefit of micro-merchants across the country.”
“Banking is going conversational and UBA in partnership with Facebook is at the forefront of driving this innovation globally. It is 100% self-service and generation of the QR is immediate. Acceptance of payments can begin immediately the QR is generated, it is making banking simple.”
“As a group, we are committed to driving financial inclusion and empowering businesses across Africa. Our partnership with Mastercard enables us to deploy safe digital solutions for customers, and the UBA Masterpass QR Merchant App is just such a solution.”
“UBA will be working with other Mastercard partners that are experts in their respective fields thereby further supporting the local industry. By using Masterpass, our customers can know with confidence that they are paying with trusted technology, whether they are a small business buying equipment at an office supply store or a family of four dining at their favourite neighbourhood restaurant.”