Bharat QR Code, Digital India Bharat QR Code, What Is Bharat QR Code, Bharat QR Code How It Work, Bharat QR Code is a common Quick Response (QR) code standard supporting Visa, MasterCard and Rupay cards. Bharat QR code enables merchants to accept electronic payments without the need for a EDC machine. Bharat QR code based payment allows customers of any bank to use their smartphones to make payments through the Pockets app using their ICICI Bank Debit Card or Pockets Prepaid Card. This new facility allows customers to use their smartphone to scan Bharat Quick QR code at the merchant outlet. The transaction is completed with enhanced security and speed and the card details remain in control of the customer.
Note:- Bharat QR Code Now only Works in Only HDFC Bank Payzapp App & ICICI Bank Pocket App as of Now !!
How to make payments using Bharat QR code?
Now, Only ICICI Bank Pocket App & HDFC Bank Payzapp App Allow this features.
2). Now Install & Open It, Sign Up with your details.
3). Now, Set your 4 Digit pin code.
4). Link your Credit/Debit card to Pocket/Payzapp App.
5). Now you are almost ready to use Bharat QR code.
6). Open the App & Scroll down, Then click on Bharat QR option.
7). Customers with Pockets app click on Bharat QR to scan the QR code at the merchant establishment.
8). Scan the Bharat QR code at your Nearest Merchant store.
9). Finally Make Payment using your Credit/Debit card or VPA.
3). Customers will be presented with a payment screen displaying merchant details and amount to pay.
4). Customers can select from any of their Visa, MasterCard or Rupay cards for payment.
5). Transaction is completed and the customer sees a success screen. The merchant receives a notification on his phone for the transaction.
What Is Bharat QR Code?
Bharat QR Code is a common QR code built for ease of payments. It is a standard that will support Visa, MasterCard and Rupay cards for wider acceptance. Currently, if you want to make a cashless payment at most stores, you need a credit and debit card to swipe and enter the PIN code for authentication.
However, Bharat QR code will enable the merchants to accept digital payments without the Point of Sale (PoS) swiping machine. It will allow customers of any bank to use their smartphone app to make payment using their debit card. In terms of benefits, merchants will no longer need to invest in buying the PoS machine. With no PoS machine, merchants will also be able to do away with the transaction fees charged by the banks for using the PoS terminal.
How to Make Payments to Merchants Using Bharat QR Code?
Currently, Bharat QR is integrated into ICICI Bank s Pockets app and HDFC Bank s PayZApp, with more banks expected to update their apps with support for the same. I tried making payment using ICICI Bank s Pocket app and it worked like a charm. To test the feature, I generated a QR code using BHIM app. Next, I used Pocket s app to scan the QR code and the payment successfully went through via UPI.
In short, you will need your bank app or BHIM app installed in your phone. At the merchant s store, open the app, tap on Scan QR Code or Scan & Pay (option will differ from one bank to the other) and scan the Bharat QR Code. Once the code is scanned, you will have to enter the amount that you want to pay, add a remark and enter your four-digit passcode. Once authentication is complete, the money will be transferred to the merchant’s bank account.
How will Merchants Benefit from Bharat QR Code?
Merchants will simply need to generate the Bharat QR Code, take a print out and stick itat their payment desk. The payment will take place via (Immediate Payment Service) IMPS and the money will be instantly creditedinto their bank account. Unlike Paytm,Freecharge and Mobikwik, merchants will no longer have limits on the amount of money that they can accept every month. Also, the hassle of transferring money from wallet to bank account will be eliminated — further making it easier accept digital money.
Security Benefits of Bharat QR Code
Currently, when you give your credit / debit card to swipe, there is negligible possibilities of someone capturing crucial details such as card number, expiry date and CVV. While OTP option is enabled for two-step-verification before authenticating transaction, the risk of exposing your card details still remains. In case of Bharat QR code, the transaction is completed with enhanced security, and card details remain in customer s control, which is a big advantage.
Tags:- Bharat QR Code Generate, Digital India Bharat QR Code, What Is Bharat QR Code, Bharat QR Code How It Work, how to accept Bharat QR Code payments
- Meizu MX7 Price In India, Specs, Key Features, Availability
- Oppo F3 Plus Price In India, Specs, Availability, Buy Online
- Reliance Jio Rs 500 Features Phone Specs, Booking Online & Buy Online
- Xiaomi Redmi Note 5 & Note Pro Price, Specifications – Buy Online at Flipkart on 25th April
- Xiaomi Mi 5C Spotted – Leaked Specifications, Price & Design
- Coolpad Mega 3 – Exclusive Comes With 3 SIM Slots for Rs 6,999 Buy on 7th December
- Xiaomi Redmi Note 4 Launching in India, Price, Specifications Buy Online on 05th September
- Jio Lyf Easy Smartphone at Rs 1500 Expected Price, Launching in June 2017