As the Philippine consumer market continues to adopt cashless payments, the country’s small- and medium-sized enterprises (SMEs) need to explore solutions to meet their customer’s shifting payment preferences. If you have a physical storefront, adding a QR code payment system will be key to making your in-store point of sale (POS) competitive in today’s cashless world.
Offering customers a payment QR code on a standee will allow you to address a growing demand for contactless payments. QR payment methods are already mainstream in the Philippines, with the search term “QR code payment Philippines” receiving tens of millions of hits on Google daily. And with the recent roll-out of the Bangko Sentral ng Pilipinas QR Ph standard, you can already expect a lot of your customers to prefer QR codes. As QR Ph can integrate seamlessly with any ewallet, QR code payments are likely to become even more popular.
Thankfully, through Maya Business, you have several options for adding a variety of contactless payments to your checkout processes, including QR standees.
How to Start Accepting QR Code Payments with a Standee
With Maya, your business can easily accept QR Ph codes and other popular contactless payments. All you need to do is create a Maya Business account and you’ll have access to Maya QR, which will allow you to take cashless payments from customers who have accounts with any QR Ph-participating bank or e-wallet app. Here’s how you can get your QR code and standees from Maya:
You’ll get more than just a standee through your Maya Business account. Accountholders can also open a Maya Business Deposit account and take advantage of industry-leading interest rates on their savings. Maya Business account holders may also qualify for a Maya Flexi Loan, allowing them to enjoy an additional source of funds.
What Is the Maya QR Standee?
The Maya QR Standee is the physical printout of your QR code on a standee. This standee can be strategically placed in your storefront to allow customers with the Maya mobile app to pay using the “Pay with QR" option.
To pay, all the customer has to do is select the “Pay with QR” option on their app and scan your QR code. Your store’s name will come up on their screen where they can input the needed amount. From there, they can tap “Send Payment” or “Pay” to complete the payment. That’s all there is to it!
You will receive confirmation of the transfer through the mobile phone that comes with your Maya QR Standee kit. Your customer should also receive a text message on their phone and a notification on their app. If you did not receive a text message to confirm a QR transaction, you can also check your Maya Business Manager dashboard and find the transaction on your Daily Settlement Report.
How Is It Different from the Digital Maya QR?
While the code on your Maya QR Standee is static, the code on Digital Maya QR is dynamically generated through the Maya Terminal or through a Maya online payment gateway, which means every Digital Maya QR code is different. While a customer paying through a standee has to input the required amount, those paying through Digital Maya QR only need to scan the QR code with their app to complete the payment.
While digital QRs are convenient, standees are preferred by some customers who want to have better control of their finances. Having both a Maya QR Standee and Digital Maya QR increases the payment channels available to your customers, ensuring a better buying experience and better engagement.
What Are the Benefits of Maya QR Standees?
Rise to the Occasion with Maya QR Standees
QR code standees offer Philippines-based SMEs a powerful growth-generation tool at their in-store point of sale. Making standees a part of your QR code POS system can not only streamline your store’s checkout, but it can also reduce errors in your checkout, inventory management, and bookkeeping processes, potentially saving your business thousands of pesos. By embracing QR technology and investing the time to promote it to customers, your business can gain a serious competitive edge, foster customer loyalty, and drive sustainable growth in the ever-evolving business landscape of the Philippines.
If you're wanting to leverage QR payments to achieve faster growth for your business, also consider signing up for the Maya 1-2-3 Grow Bundle. By subscribing to this offer, you can enjoy a reduced merchant discount rate (MDR) of 1% on all QR Ph sales (valid for 3 months from the time of onboarding), and that is on top of earning 2.5% annual interest on your Maya Business Deposit account. Availing yourself of this offer also makes you eligible to get a Maya Flexi Loan offer in just 3 months. With Maya 1-2-3 Grow, you’ll get the best out of your QR Ph earnings and more!
