QR codes are a popular payment system, especially for mobile payments and online transactions. QR codes can be used to transfer money instantly from one bank account to another and there are many different types of QR codes available: static (which cannot be changed), dynamic and virtual ones. In this article we’ll focus on dynamic QR code generation and use through UPI apps like Paytm or PhonePe.
A dynamic QR code is a barcode that not only can be scanned but can also have an additional value added to it.
A dynamic QR code is a barcode that not only can be scanned but can also have an additional value added to it. This additional value can be information about the product, or a coupon code. This additional value can then be used to collect payments from customers through UPI payments
In order to create a dynamic QR code in your app, follow these steps:
Dynamic QR codes are useful for various purposes – such as to accept payments from customers, from merchants and from other corporates.
Dynamic QR codes are useful for various purposes – such as to accept payments from customers, from merchants and from other corporates. You can use them to collect payments on your website, in your mobile app or at an offline store.
To generate a dynamic QR code in UPI apps like PhonePe and SBI Pay:
Details of how to generate dynamic QR codes for UPI payments are provided below.
- How to Generate Dynamic QR Codes for UPI Payments
- Use the following steps to generate dynamic QR codes for your UPI payment:
- Open the app, go to the “Payment” tab and select “Generate New QR Code”.
- Enter details like amount, beneficiary bank account number (IBAN), etc., and then click on “Generate” button to generate a new dynamic QR code that can be used for sending money from your bank account directly through UPI without entering any other details such as beneficiary name or account number again.
A dynamic QR code is generated by any UPI app and sent to the payee, who can then scan it using their own UPI app and transfer money instantly.
A dynamic QR code is a special type of barcode that can be generated by any UPI app and sent to the payee, who can then scan it using their own UPI app and transfer money instantly.
To generate a dynamic QR code:
- Log in to your Paytm account or create one if you don’t have one already.
- Tap on “Payment” from the main menu, then select “Send Money”. You’ll see options for sending money through IMPS/NEFT/UPI (or all three). Tap on UPI here; this will take you to another screen where you should enter the amount being transferred along with details about who is receiving it (their mobile number), what bank they use etc., before finally tapping ‘Generate’ at bottom right corner of screen when ready for confirmation purposes only!
A dynamic QR code is a barcode that not only can be scanned but can also have an additional value added to it. Dynamic QR codes are useful for various purposes – such as to accept payments from customers, from merchants and from other corporates.
