ALAT adds new NQR features

ALAT, a leading digital banking platform, has included a new quick response (QR)-code-based payments and collections solution to increase the convenience and safety of the platform.

The new feature known as NQR, is a code-based payment and collections solution that provides fast, easy, secure, reliable, contactless and account-based options to receive and pay for goods and services.

Announcing the new feature, in a press statement, the Head of Ebusiness and Payments, Damola Bolodeoku, explained that merchants/business owners/individuals could display the QR codes generated on ALAT to receive payments.

“Payers/customers select the NQR option on their bank’s mobile application and scan the displayed NQR Codes to make payment to the merchant. Merchants/Business owners and payers get instant notification of payment made,” he explained.