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What is GexPay?

QR Payments – The Next Big Thing


For those of you who don’t know what QR codes are – QR codes are those square black-white patterns. They usually give you a URL to follow, more information about the brand or provide other function when scanned with your phone’s camera or a special app. QR codes are not new and they can be really convenient in certain situations.

Everyone who has an GexPay digital wallet account can now collect E-payments – face-to-face – without a POS terminal. This is perfect for people who don’t know each other’s phone numbers, which is the usual way to connect with other GexPay users in the chat or to make instant cashless payments. We made QR code payments possible to give you the most comprehensive, yet easy to use electronic payments available on your mobile phone!

We made QR code payments possible to give you the most comprehensive, yet easy to use electronic payments available on your mobile phone!

Who should use QR payments?

Face-to-face cash payments now have an alternative.

With GexPay’s QR codes, you can collect all sorts of non-commercial payments when you are among people – for birthday fundraisers, events or causes.

You can pay by scanning a QR code or you can get paid by generating one directly via the home screen in GexPay. You can set the amount you want to get when someone scans your barcode. You can also choose to not define any amount. This way the payee sending you the money can choose how much you get.

QR code payments were designed to allow transactions by people who are GexPay users but don’t have each other’s phone numbers saved in their devices.

How do GexPay’s QR payments work?

Face-to-face cash payments now have an alternative.

With GexPay’s QR codes, you can collect all sorts of non-commercial payments when you are among people – for birthday fundraisers, events or causes.

You can pay by scanning a QR code or you can get paid by generating one directly via the home screen in GexPay. You can set the amount you want to get when someone scans your barcode. You can also choose to not define any amount. This way the payee sending you the money can choose how much you get.

QR code payments were designed to allow transactions by people who are GexPay users but don’t have each other’s phone numbers saved in their devices.

Here is how it might work out for you.

You go out with friends and usually one of three things happen:

1. One person pays everything and then others need to hand him or her money

2. One person pays everything and insists it’s their treat

3. People chip in money toward their consumption and pay the total

With GexPay (and for situations like 1 & 3 above):

1 – You and your 2 girlfriends go out for a manicure. It’s nice and relaxing. You say you can help make it easier with just 1 payment for all 3 of you. You head out and next time, or on the spot, you can show your QR code to your friends with a specific money amount requested and they can quickly scan with the GexPay app and confirm the payment with a tap.

3 – You and 3 friends of yours end up eating and drinking in a local sports bar and your bill is let’s say 200.00 Euro. You show your 3 friends – 3 separate 50.00 Euro QR codes. Each of them scans and confirms a 50.00 Euro payment to your GexPay wallet. Next, you tap & pay the total 200.00 Euro for the night with your phone at a contactless terminal.

Are QR payments secure?

Yes, of course! Your QR payments with GexPay are as secure as any other payment you can do with your digital wallet.

Once generated, a QR code can be used to get paid only once and expires in 60 seconds.

You, as a payee, have full control over the transaction because no physical contact is needed and no PIN is entered, thus reducing the risk of fraud.

It’s up to you to keep your device secure to prevent a possible financial loss.

How can I get my own QR code?

We mentioned this briefly above – you can use QR code payments with both GexPay accounts.

Тhe unverified account is for trial purposes only and you have a limit on the transaction amounts.

To get fully verified you need to download GexPay on either Android or iPhone and go through the KYC, the process of a business verifying the identity of clients. Enjoy your new experience.

Start with GexPay now!

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