QR Codes in Nepal. Who is Using It?

Technology is advancing and spreading in various sectors at high speeds. We can witness the development in Nepal these days too. One of the many popular things that have been seen a lot recently is QR codes! They seem to be quite the hype these days, so let’s explore how, why and what they actually are.

WHAT IS QR CODES?

The Quick Response (QR) Codes are a two-dimensional version of the Barcode. These can convey a wide variety of information with the scan of a mobile device. QR codes can store up to 7089 digits or 4296 characters, including punctuation marks and special characters. The Code can encode words and phrases such as internet addresses. 

One thing to always keep in mind, especially when it comes to designing the Static QR Codes aesthetic is that the more data, the more the size increases, and its structure becomes more complex. The QR Codes origin dates back to 1994.

USES OF QR CODES IN NEPAL

The most popular usage of QR Codes in Nepal is for payments. These QR code payments are alterations for credit or debit or cash payments. These transactions are through any digital wallet or mobile banking applications. Only with a few simple taps, any transaction is successful without using any machines, which might decline your cards.

These days QR codes have been adopted by big as well as small businesses in bustling cities and quieter villages all over the country. You might have an idea that QR codes that require a mobile phone and technology might not be able to adjust well everywhere and outside of posh restaurants and stores. Yet, surprisingly, they are doing great! 

In fact, even public buses have started to accept payments via QR codes. The adoption of this method can save time along with the problem of change money that occurs quite often.

Also, in the fruit market in Kuleshwor, Kathmandu, vegetables, and fruits can now be bought by scanning the QR. Isn’t that progress??

Similarly, QR Codes are used by merchants and sellers often to offer many discount codes for their consumers. 

According to NRB, in 2020 mid-September to mid-October, customers made 265,000 QR transactions. Which is worth Rs 969 million transactions. Again from mid-August to mid-September, altogether 179,000 QR transactions were made. Which is worth Rs 64.8 billion. This fact gives a clear picture of the popularity of QR transactions in Nepal.

QR Codes are also used for marketing. It is a small square that can easily hold an entire advertisement and it can be placed almost anywhere. They can be used to promote numbers, emails, or even to download apps. And we can even find them in most packaging.

We can also find QR codes in restaurants these days. For example in Sam’s One Tree Cafe, the menu can be found digitally by scanning a QR code placed in the tables. Similarly, many more restaurants offer menus through their QR codes.

Another use QR code is also for discounts and promos. The famous Daraz app offers QR codes that hold discounts and coupons which the user can scan. These discount codes also help in promoting QR usages.

Also Read: Why is the share market in Nepal gaining sudden popularity?

WHY QR CODES ARE POPULAR IN NEPAL?

The popularity of QR codes in Nepal is because of the easy usage. It is very simple to use, by only scanning the QR Code from your respectful bank app or digital wallet app. Enter your PIN & amount and it’s done! No hassle, no card decline, and no worry about any change money.

Transactions via just a mobile app also mean users do not have to carry large amounts of money with them which is always risky. People do not even need a wallet to carry money anymore.

Having said that, the rise of usage of QR in Nepal is increasing every day in a different form. The more open we are towards the usage of QR codes the more benefits we can reap.

Leave a Reply

Your email address will not be published. Required fields are marked *