Bharat QR Code Payment | All Information You Need to Know. Bharat QR – Just scan and pay on-the-go from your RBL Bank account! Your gateway to the instant, convenient, low-cost and secure transactions is here. Now #GoCashless and say goodbye to all your payment worries with ‘Bharat QR’.
RBL Bank is one of the first few banks to integrate the Government of India initiative ‘Bharat QR’ in its suite of innovative payment offerings. With Bharat QR, the Bank will continue to make transactions easier and more convenient for all its customers and partners.
How to make payments using Bharat QR code?
- Customers with Pockets app click on Bharat QR to scan the QR code at the merchant establishment.
- Pockets app automatically enables the camera in the phone.
- Customers will be presented with a payment screen displaying merchant details and amount to pay.
- Customers can select from any of their Visa, MasterCard or Rupay cards for payment.
- 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?
As part of a multi-pronged push towards a cashless society, the Indian government has collaborated with RuPay, Mastercard and Visa, the three mobile payment providers in India, to adopt a standard Quick Response (QR) code called as ‘Bharat QR’. The new standard would enable money to move easier between all three systems and there will be no restriction on usage of card from any particular provider.
HOW DOES IT WORK?
You, as customer no longer need to worry whether your card will be accepted at any particular merchant location as the solution has been standardized across all card networks. To add to it, you don’t need to carry multiple cards. Just link the cards to the app and select the appropriate card during the payment. No need to share your mobile number or account details with anyone.
Your bank’s official mobile app or an app linked to Visa, MasterCard, RuPay platforms, generally comes with an inbuilt QR Code reader.
You just need to link your card or bank account with the mobile app as a one-time activity.
To make a payment, as a customer you would need to scan the ‘Bharat QR’ code using the mobile app.
The billed amount gets transferred from your account to the merchant’s account.
WHERE WILL IT BE ACCEPTED?
‘Bharat QR’ can work practically at any location which accepts payments for services rendered. So you can start paying through Bharat QR at all the merchants on-boarded on BQR platform, it could be outlets at railway stations, bus depots, petrol pumps, shops, grocery stores, vegetable markets, hospitals, dispensaries, etc.
HOW WILL IT BENEFIT ME?
You, as customer no longer need to worry whether your card will be accepted at any particular merchant location as the solution has been standardized across all card networks. To add to it, you don’t need to carry multiple cards. Just link the cards to the app and select the appropriate card during the payment. No need to share your mobile number or account details with anyone.
HOW WILL IT BENEFIT ME AS A MERCHANT?
You no longer need to invest in any hardware for accepting digital payments. A simple display board containing the QR code is all that it takes to start accepting payments.