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BharatQR, developed by NPCI, Mastercard, and Visa, is an integrated payment system in India for mobile device. The system was launched in September 2016. It facilitates users to transfer their money from one source to another.
Sep 18, 2017 · Bharat QR code is an interoperable payment acceptance solution that supports Visa, MasterCard. Amex and RuPay cards & BHIM-UPI for wider acceptance. Bharat QR code will enable rapid rollout of digital payments acceptance infrastructure throughout the country, as it does not involve any upfront investment in Point of Sale (PoS) machine. To ...
In September 2016, the Reserve Bank of India (RBI) launched the eponymously named Bharat QR, a common QR code jointly developed by all the four major card payment companies – National Payments Corporation of India that runs RuPay cards along with MasterCard, Visa and American Express.
Bharat QR, as the name suggests, is a QR based payment solution and can be used to make P2M (Person to Merchant) digital payments. This means that you can directly scan the Bharat QR code deployed at merchant’s or seller’s place, using any Bharat QR enabled mobile application.
Bharat QR is the world ’s first interoperable Quick Response (QR) code acceptance solution developed by the payments industry to expedite India’s transition to a less - cash society. It has been developed by National Payments Corporation of India (NPCI), Master card and Visa.
Bharat QR code is a standardized QR code-based payment system introduced by NPCI in India. It enables interoperable payments and consolidates multiple payment methods into a single code. Customers scan the code using their mobile apps to make payments via UPI, cards, or wallets.
To obtain a Bharat QR code instantly, follow these simple steps: Ensure you have an active bank account. Then, link this account to the BHIM App, available on any app store. Look for an option that lets you create a unique Bharat QR code. Print it out and display it prominently, such as on a wall near your payment counter.
