NPCI Launches Bharat QR Codes for Scan and Pay Without Using Debit Card

Bharat QR code apps is the new product launched by NPCI for easy transaction of money especially for merchant payments. Bharat QR code is a common application platform for MasterCard, RuPay and Visa. Bharat QR code is very similar to existing QR code system currently in use via various online eWallet like PayTm, Freecharge, Mobikwik or NPCI BHIM apps. Only the difference is that all these existing QR code apps are close system where user needs to have the same apps for sending or receiving the money.

Bharat QR code apps has removed this limitation, now user of any banks with mobile banking or wallet apps of particular bank can send or receive the money. This is very useful in case of merchant payment interface. Through Bharat QR code apps money will be transferred directly to bank account of merchant without any seamless limitation as like eWallet.

More of an extension to UPI based payment methods. Instead of having to scan different QR codes for services like Paytm, Freecharge, Mobikwik customers now need to worry only about a merchant’s Bharat QR code. Scanning the Bharat QR Code, entering the amount thereafter and hitting that Send button will directly transfer the money from your bank account to merchant’s account.

Following banks has launched the Bharat QR codes through their wallet apps or Mobile banking –  Axis Bank, Bank of Baroda, Bank of India, Citi Union Bank, DCB Bank Ltd, Karur Vysya Bank, HDFC Bank Ltd, ICICI Bank Ltd, IDBI Bank Ltd, Punjab National Bank, RBL Bank Ltd, State Bank of India, Union Bank of India, Vijaya Bank and Yes Bank Ltd.

Bharat QR code is integrated only in ICICI Bank’s Pockets app and HDFC Bank’s PayZapp currently. Bharat QR code apps services is currently available to download for Android and iOS but not for Windows as of now.