BANKING AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -QR Ph P2M offers customers more affordable, convenient, safe and reliable means to pay for their purchases from merchants. Through this facility, customers need only to use their mobile phones to scan the merchants’ QR Ph and make payments.

Detailed explanation-3: -Bharat QR works as an alternate channel of payment, where cardholder has to download his/her bank’s Bharat QR enabled mobile banking app. User has to scan the Bharat QR code at Merchant store and select card to make payment.

Detailed explanation-4: -Once the BQR codes are deployed on Merchant locations, user can pay the utility bills using BQR enabled mobile banking apps without sharing any user credentials to the merchant. It is a quick method of payment. Explore more.

Detailed explanation-5: -UPI QR (Scan & Pay) is a digital payment acceptance channel displayed at the merchant establishment to facilitate receipt of payments by scanning the QR Code from any UPI linked mobile app.