PAY by square has become the standard for encoding of payment information into QR codes in Slovakia, accepted by the Slovak Banking Association in 2013.

Scanning QR codes instead manually rewriting the payment or invoice details is approximately 90%. It also helps you avoid any mistakes, such as typos in the bank account number, variable symbols or amounts. If the scanner isn’t able to read some information from the QR code, it won’t process even a part of it to ensure that the wrong data isn’t used.