<Product enhancement>
Now your merchants can use a single QR code to accept payments through multiple QR-code based payment methods. Way4 Acquiring can generate a universal code for international and local payment schemes, and the merchant can present it to all customers, whether they use an AmEx, Mastercard, Visa, UnionPay, or domestic payment instrument.
This enhancement simplifies both the merchant and consumer experiences, since there is no need to keep track of multiple QR codes generated for each payment type specifically. No one needs to waste time selecting the right code.
Way4 supports generation of the universal QR code for different acceptance channels. Merchants can print the code and display it on the counter. They may also display it on the screen of their POS terminal or in their merchant app.
To enable the feature, acquirers should define the list of allowed QR-code based payment methods for a particular merchant in the Way4 system. When a buyer scans the generated QR code, the Way4 system identifies the payment scheme automatically and processes it accordingly.