payo launches QR code payments for hospitality

Australian e-commerce company payo has introduced a new method of payment for hospitality venues based on QR codes at the table.

The new payo checkout offering will enable customers to pay their bill in seconds without the need to sign up to a dedicated app.

Each table’s uniquely branded QR code is fully integrated into the venue’s point of sale system, allowing contactless payment of bills when scanned after a customer completes their bill.

The platform supports Apple Pay, Google Pay and payo, with the latter giving the option to pay in four interest-free, equal payments.

The platform also supports bill-splitting for dining parties and has been designed to update longstanding inefficiencies in the hospitality sector. According to payo CEO Taf Chiwanza, waitstaff spent over 30% of their time on managing bill payments.

“Hospitality still has many dated practices. As an example, a table of eight that wants to split a bill will wait to scan a payment terminal and the staff has to enter the amount eight times,” he said.

“payo’s split-the-bill option solves this problem. We are changing up how things have been done for decades. The same way grocery stores revolutionised the payment process with self-checkouts, we are now doing this for restaurants. Table technology is a growing channel that is increasingly being adopted by venues across Australia.”

Image credit: ©stock.adobe.com/au/rangizzz