Nabil Bank is set to introduce Union Pay International QR Code Acquiring service in the country, a feature which could potentially eliminate the need for Point of Sales (POS) terminals. The cus­tomers can simply scan the QR readers at checkout counters at merchant outlets to make their payments.

When a customer scans the QR code, it transmits transaction information to the mobile app, where card details are stored and payment initiated. Through the new service, the bank intends to provide efficient and secure electronic transactions for both merchants and customers.