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Government launches Bharat QR code

The Union Government has launched Bharat QR code, a quick response (QR) code to enable digital payments without card swiping machines.

It is world’s first interoperable payment acceptance solution launched by Indian Government to move towards less-cash economy.

Key facts
  • Bharat QR code has been developed by jointly by National Payments Corporation of India (NPCI), Visa, MasterCard and American Express under instructions from Reserve Bank of India (RBI).
  • It works as common interface for the MasterCard/Visa/RuPay platforms and also facilitate acceptance of Aadhaar-enabled payments and Unified Payments Interface (UPI).
  • It enables person to make payments to retailers without using the merchant’s ID or number. It eliminated need of using card swiping machines making digital payments.
  • Using, BharatQR code merchants will be required to only display one QR code instead of multiple ones. Users can make payment by scanning the code.
  • BharatQR code is of two types static and dynamic. In static QR code, first code need to be scanned and then amount is entered to make payment.
  • In case of dynamic QR code, new QR code will be generated in real time for every transaction. In this case there is no need to enter the amount. The payment is just made by scanning and entering the PIN.
 What is QR code?
  • QR code (Quick Response code) is a two-dimensional (matrix) machine-readable bar code made up of black and white square. This code can be read by the camera of a smartphone.
  • It is used for storing URLs or other information that link directly to text, emails websites phone numbers. It is capable of 360 degrees (omni-directional), high speed reading.
  • QR Code can store up to 7089 digits as compared to conventional bar codes which can store max 20 digits. It encodes same amount of data in one-tenth the space of a traditional bar code.
  • It carries information both horizontally and vertically. It has error correction capability and data stored in it can be restored even if it is partially damaged or dirty.

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