Bharat QR code launched to push less-cash economy

admin Last updated on February 21st, 2017 05:01 am Leave a comment

Bharat QR code the world’s first inter-operable payment acceptance solution, was launched as part of efforts to move towards less-cash economy at an insignificant cost, according to RBI.

Payment networks such as MasterCard and Visa have joined hands with National Payment Corporation of India (NPCI) to launch Bharat QR, a common Quick Response(QR) code that would enable seamless digital payments without card swiping machines.

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