Digital transformation is closely related to business development in a systemic way that requires knowledge and skills management and covers multiple processes including online payment. The QR code payment model for mobile banking can be widely used as an alternative to cash payment via mobile phone. An MKQR standard and application for generating MKQR codes is proposed in this paper, and it can be used as an alternative payment system and it can be integrated with the account of the source of the fund without the need to top up the transfer. The proposed system is not only meant for merchant payment but can also be used for person-to- person money transfers. This paper proposes a Macedonian open and independent standard called MKQR, using the QRcode - ISO/IEC18004 standard, for coding and data transmission methods for financial transactions.
QR code, Mobile Banking, Mobile Payment, e-Invoicing, QR bill, MKQR standard, MKQR application
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