Using Static and Dynamic QR Code In Banking In Financial Services March 22, 2025 There are many ways to use QR codes in the BFSI business. These are some ways listed that BFSI companies can use QR codes: QR Code Allows Secure Transactions Two parties can conduct safe business transactions using QR codes. The volume of transactions using QR codes for international payments will exceed $2.7 trillion by 2025 while approximately 2.2 billion people across the globe start using these codes. With due implementation of QR codes physical store owners can configure their stores for online payment services acceptance. One wallet to another or to any bank account can receive funds through the use of a QR code. Experience A State Of The Art Mobile Banking Expiry The mobile banking sector dominates the Financial and Banking Services Industry. Mobile phone transactions amounted to $503 billion during the year 2020. Several banks together with non-banking finance companies (NBFCs) provide mobile services because internet and mobile phone usage continues to expand rapidly. Offer A Customer Friendly Experience Traditional customer competition no longer exists for banks because they are no longer compelled to acquire new clients. Customers will stay loyal only when banks provide exclusive and interesting service experiences. Your banking services list website will be accessible through a simple scan of a QR code. QR code Offer Easy Compliance Regulations KYC and AML checks are done by BFSI companies using QR codes. QR codes make it easier for users to log in by taking them to ermint-based KYC and AML clearance forms. Easy Asset Tracking BFSI companies can use QR codes to keep track of and find real assets like cash, checks, credit cards, and drafts. With the help of QR codes, bank employees can easily find and track down lost items. QR codes Are Best for Marketing and Advertisements The BFSI sector utilizes standard QR code applications for its marketing and advertising purposes as other sectors do. To place an advertisement in the newspaper you should incorporate a QR code which directs users to your website or mobile application or different online platforms. QR Code Allows Easy ATM Transactions Users can get cash from an ATM with a QR code if their bank allows them. A lot of ATMs now have QR codes that let people get cash and do other personal banking chores without a card. How To Generate Static and Dynamic QR Codes for Financial Sectors You can make and handle QR code campaigns with IMQRscan, which is a QR code generator and management tool. To make a QR code with IMQRscan, follow these steps: Sign in to your account at IMQRscan.com. Sign up for an account first if you don't already have one. Different options for solutions are presented on the Solutions page. You can begin by adding your website URL if you want to generate a QR code. Then choose the URL QR code. The destination URL must be entered into the Basic Information "URL or Text" field. Check the "Make dynamic" option to generate a dynamic QR code. You can personalize your QR code through the "Design, Color, and Decorate QR code" tab of the platform. To save your QR code you should select "Save QR code," provide a name then choose an optional folder location before executing the storage process. Wrapping Up The adoption of QR code should be fast because these codes benefit various operations along with basic usability and bring new product experience dimensions for customers. Correct deployment of QR codes enables financial services organizations to enhance marketing effectiveness and improve customer relations while developing customer loyalty systems in the demanding financial sector. Business and marketing operations will benefit from using QR codes with the help of the IMQRScan app. IMQRScan serves as the single requirement for financial institutions such as banks who intend to employ QR codes in their operations. The implementation of IMQRScan as your first step will allow you to maximize QR code advantages. So, don't wait and generate a QR code today!!!