IPS – points and manner of payment
IPS payment at point of sale –
The IPS logo is displayed at brick-and-mortar points of sale (supermarkets, stores, boutiques, pharmacies, bakeries…) where instant payments can be made. At the check-out (e.g. at the cash register), the label IPS SHOW indicates to the buyer the payment method that can be used to pay for the goods/services.
For IPS payments at brick-and-mortar points of sale via the IPS SHOW method, you need an m-banking app on your mobile phone.
No fee is charged to the payer when executing IPS payments at a point of sale!
If you select and run the IPS SHOW option in your m-banking app, it will automatically ask for authentication (entering your PIN, fingerprint, facial recognition or other method that you use), and afterwards generate an IPS QR code.
You show the generated code to the merchant, who scans it with a 2D barcode reader, a mobile phone or another device used for accepting instant payments at the point of sale.
Once the merchant reads the IPS QR code, the payment is executed automatically.