What’s a QR Merchant Account?
If you’ve ever scanned a QR code to pay at a shop, restaurant, or even a street vendor, you’ve already experienced the future of payments. A QR Merchant Account lets any business accept money directly into their bank account — just by letting customers scan a QR code using their mobile banking app or digital wallet.
It’s fast, safe, and cashless. No need for expensive card machines or handling physical money. And for small businesses, it opens the door to more customers and better tracking.
Why QR Matters Now More Than Ever
The State Bank of Pakistan (SBP) is strongly pushing the country toward digital payments — and the results are showing:
Digital payments crossed 2 billion transactions this quarter, now making up 89% of all retail payments.
But when it comes to transaction value, most people still rely on cash or over-the-counter methods — digital channels account for just 29% of the total value.
PoS terminals are growing too — with 179,000+ machines now in use, handling over 1 million transactions a day.
Clearly, people are ready for digital — but we still have a long way to go. That’s where QR Merchant Accounts come in: they offer a simple, affordable way for businesses of all sizes to go digital.
How It Works – in Simple Terms
Getting paid with a QR Merchant Code is easy! Your business gets a unique QR code. Customers scan it using their mobile banking app, enter the amount, and pay instantly. No card machines, no cash – just quick, secure, and direct payments to your bank account.
Sign Up
Merchant signs up through a bank or partner.
Recieving
They get a personal QR code.
Customers Scan
Customers scan the code and pay using their banking app or wallet.
Online Payment
The money goes directly into the merchant’s bank account, instantly. No machines, no cash, no hassle. Just one scan, and it's done.
What ISTIQEME Brings to the Table
At ISTIQEME, we’ve been helping banks grow in the digital banking space for years. Now, we’re taking that experience to support the rollout of QR Merchant Accounts across Pakistan.
Even though we’re not officially tied to one bank just yet, we’re actively working with financial institutions to:
Find and onboard merchants — from retail shops to service providers.
Help with documentation and KYC — making the sign-up process smooth and efficient.
Train merchants — so they know how to use their QR code and build customer trust.
Track everything — through our own custom CRM app that keeps sales transparent and accountable.
Cover more ground — with a trained sales team already operating in Karachi and other key cities.
We’re not just talking about going digital — we’re out there, doing it.
Let’s Build the Future of Payments Together
If you’re a bank, EMI, or fintech ready to scale your QR Merchant network, ISTIQEME is ready to be your on-the-ground sales partner.
We know the streets, we understand the merchants, and we have the tools to make onboarding easy — and effective.