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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.
- 20 February 2017; 6 years ago
- India
Sep 18, 2017 · Bharat QR code is a single unified QR code capable of accepting payments from Visa, MasterCard, RuPay Cards for wider acceptance. Customer can easily make payments through Bharat QR code and does not require to carry physical Debit or Credit card.
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.
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.
Feb 20, 2017 · BharatQR code unveiled: An explainer. 5 min read 21 Feb 2017, 03:39 PM IST. Komal Gupta , Vivina Vishwanathan. Retail electronic payments will become more seamless with BharatQR code, which...
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.
