What Is Bharat QR Code & How You Can Benefit From It

5 March 2019

Post demonetization, the BharatQR payment mechanism has set a new benchmark being the world’s first interoperable payment acceptance solution. The integrated payment mechanism leverages the Quick Response (QR) code system for accepting payments from customers directly into merchants’ current accounts. It has been developed by National Payments Corporation of India (NPCI) in collaboration with Visa, Mastercard, Amex and Rupay.

According to industry estimates, non-cash spending is expected to overtake cash spending by 2020. At Pine Labs we are committed to help merchants adopt digital payment methods. To drive electronic transactions, one of the biggest needs is infrastructure. And BharatQR essentially eliminates the requirement for capital and operational expenditure.

Here’s how your business can benefit from this method of payment:

Enable cashless transactions for customers without cards

Customers can carry out cashless transactions without any physical credit or debit card. Payments are made through smartphones having BharatQR-enabled banking apps. This payment system supports Visa, MasterCard, American Express, and Rupay cards, and BHIM-UPI for wide acceptance. You can link multiple cards to your BharatQR supported bank apps and select any one of them based on your need.

All that customers need is an app with the BharatQR payment feature. To make a payment, they need to click the BharatQR icon, scan the QR code at your store, enter the amount and their 4-digit passcode. Viola! The payment is done. Once the authentication is completed successfully and on settlement, the amount is transferred to your account.

Recent posts
Leopolis Jazz Fest 2020
Concerts featuring over a hundred world class musicians, performing on three stages in the city’s downtown area, over 100,000 spectators and around 200 accredited press reporters.

9 Comments

  • gate.io 10 mars 2023

    I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me?

  • binance com 3 avril 2023

    Your article helped me a lot, is there any more related content? Thanks!

  • binance listing 10 avril 2023

    I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

  • I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

  • At the beginning, I was still puzzled. Since I read your article, I have been very impressed. It has provided a lot of innovative ideas for my thesis related to gate.io. Thank u. But I still have some doubts, can you help me? Thanks.

  • Your article helped me a lot, is there any more related content? Thanks! https://accounts.binance.com/ru-UA/register-person?ref=RQUR4BEO

  • Thank you very much for sharing. Your article was very helpful for me to build a paper on gate.io. After reading your article, I think the idea is very good and the creative techniques are also very innovative. However, I have some different opinions, and I will continue to follow your reply.

  • Suivre Téléphone 30 janvier 2024

    La compatibilité du logiciel de suivi mobile est très bonne et il est compatible avec presque tous les appareils Android et iOS. Après avoir installé le logiciel de suivi sur le téléphone cible, vous pouvez afficher l’historique des appels du téléphone, les messages de conversation, les photos, les vidéos, suivre la position GPS de l’appareil, activer le microphone du téléphone et enregistrer l’emplacement environnant.

  • Suivre Téléphone 11 février 2024

    Vous pouvez également personnaliser la surveillance de certaines applications, et il commencera immédiatement à capturer régulièrement des instantanés de l’écran du téléphone.

  • Leave a comment