Use of Quick Response (QR) Code Payment Gateway in Nepal: Entrepreneur’s Perspective

Rashesh Vaidya; Sanita Mastran; Shree Krishna Majakoti

doi:10.32674/ijeei.v5i1.71

Rashesh Vaidya https://orcid.org/0000-0003-1536-6032
Sanita Mastran https://orcid.org/0000-0001-5831-5433
Shree Krishna Majakoti

DOI: https://doi.org/10.32674/ijeei.v5i1.71

Keywords: Quick Response (QR) Code, payment, entrepreneur, Nepal.

Abstract

A Quick Response (QR) code payment gateways are becoming increasingly popular in Nepalese business environments, especially in urban areas. QR Code payment facilities are available even in small business in Nepal. There were a number of factors that influenced Nepali entrepreneurs to adopt QR code payment gateways for their shops. Therefore, this paper attempts to determine what factors mainly influenced Nepali entrepreneurs to install QR payment gateways. For this purpose, the paper surveyed 200 Nepali small and medium enterprises (SME) running enterprises within Kathmandu Valley. Most Nepali entrepreneurs only implemented QR facilities a year or two ago, according to the paper. The paper also discovered that consumer factors (3.80 points on average) were a key factor among the four criteria studied. According to the regression analysis, customer and environmental factors account for 27.3 percent of QR code payment gateway adoption among Nepalese entrepreneurs.