QRkóðagreiðslur

QRkóðagreiðslur, or QR code payments, are a payment method that utilizes Quick Response (QR) codes to facilitate transactions. These codes are two-dimensional barcodes that can store information, including payment details. To make a payment, a user typically scans a QR code displayed by the merchant using their smartphone's camera or a dedicated payment app. The scanned code then provides the necessary information to initiate the transaction, often directing the user to confirm the payment within their banking or mobile payment application. This can involve entering a PIN, using biometric authentication, or simply authorizing the transfer.

QR code payment systems are designed to be convenient and efficient. They eliminate the need for physical cash or traditional card readers in many scenarios. For businesses, implementing QR code payments can reduce transaction fees and streamline checkout processes. For consumers, it offers a fast and contactless way to pay. Several payment providers and financial institutions globally support QRkóðagreiðslur, integrating them into their mobile banking apps or standalone payment solutions. The adoption of QR code payments has seen significant growth, particularly in regions where smartphone penetration is high and as a response to the demand for contactless payment options. The underlying technology allows for secure and encrypted data transfer, ensuring the safety of financial information during the transaction.