1QR is an innovative development over the existing 1IBFT service, that contributes convenience at customer’s end by transforming the way P2P and Retail payments are made. In case of a P2P transaction, the receiver shares the credentials in form of a QR, and the sender scans the QR to make the payment. Whereas, in the case of Retail payment, instead of swiping the card on POS, the customer just needs to scan the QR Code displayed on the counter via his/her mobile phone. 1QR potentially opens a new market of P2P and Retail transactions below the threshold of 10,000 PKR. Given the rise in trend of modern trade and ride-hailing services, 1QR if implemented can be a ‘game-changer’ for the Pakistani market.