Bharat QR is a QR Code based payment solution which represents a new channel of initiating and accepting payments between buyers and sellers (or consumers and merchants) using the mobile phone.
This solution has been jointly set up by NPCI, Visa and MasterCard which is capable of digitizing a payment transaction between consumers and merchants by setting up an ecosystem where a Quick Response (QR) code is used as the form factor to represent the payee (merchant) for accepting payments.
Bharat QR works as an alternate channel of payment, where cardholder have to download his/her bank’s Bharat QR enabled mobile app & scan the Bharat QR code at Merchant store and select cards to make payment. Once the payment is successful both cardholder and merchant receive notification in mobile application for successful transaction.
