Today EcoCash has collaborated with Mastercard to introduce a new payment service that enables EcoCash customers to make QR payments to merchants and billers through the EcoCash app. The payment service called Scan+Pay will allow EcoCash customers to scan a barcode image (QR code) through the Ecocash app (in their phone) so that they can pay for goods at the checkout point.
The Scan+Pay is enabled by Mastercard’s Masterpass QR, which is a secure payment solution system. The enablement of Masterpass Scan+Pay capability within the EcoCash app represents yet another important milestone in EcoCash’s digital payments journey.
Scan+Pay- Step by Step guide
- Launch the Ecocash application
- Go to Make Payments & select QR Pay Option
- Scan the merchant QR code displayed at merchant point-of-sale
- Enters the transaction amount to initiate payment
- Confirms the transaction with a PIN
- Receives instant confirmation of successful funds transfer
- Collects goods when the merchant receives payments notification
Surely, we are aware of the prevailing cash shortages and simultaneously the drive to be a cashless economy. Well for companies they are facilitating cashless payments from customers in the back of incurring exorbitant costs of acquiring and maintaining POS devices. But with the Scan+Pay companies invest so little in it than (they could spend) on POS devices. In a nutshell, the Scan+Pay is a threat to the existence of POS devices as it is a very cost-effective alternative.
For ordinary Ecocash customers, they should be happy because, with Scan+Pay they are saved from entering many USSD codes to make payments, rather they can just scan a QR code using the EcoCash app and make the payment in fewer steps.
Do you need an internet connection to use Scan+Pay?
No, you don’t need data bundles to use the Scan+Pay service. As it happens, the EcoCash app is Zero rated so it means you don’t need data bundles to use it.