Punjab National Banks Bharat QR Merchant Application offers a simple and reliable way to receive payments by the Merchants. This allow merchant to: - Login in to the application with valid credentials. - Access transaction record and sales history on real time basis. - To get an instant notification of successful transactions on the App and also on an SMS on the registered mobile number(s). - Receive payments by displaying/generating Static QR Code(s) or Dynamic QR Code(s). Static QR Code: It doesn’t have amount embedded in the QR Code, consumer needs to enter amount after scanning the static QR Code. Dynamic QR Code: These are amount specific dynamically generated QR Code to accept payment from consumer, where consumer will not be required to enter the amount. Benefits for merchants • No need to install a PoS machine at their store and in turn, can save monthly rental charges levied on using the PoS terminal & other maintenance charges etc. • It allows merchants to accept payment without the use of POS swipe machine. • Unlike mobile wallet there would not be any limit to transfer money into the bank account. Benefit for customer of merchants • Payment can be made online through Credit Card or Debit Cards attached to Banking App (viz. PNB Kitty, PNB mBanking or any other such application of any member banks) • It is robust system to avoid any kind of frauds as card details are not exposed. • No need to carry physical card