Bharat QR Code
Bharat QR, as the name suggests, is a QR based payment solution and can be used to make P2M (Person to Merchant) digital payments. This means that you can directly scan the Bharat QR code deployed at merchants or seller’s place, using any Bharat QR enabled mobile application.
The QR code Payment System consists of the following parties:
- Acquirer – merchant onboarding, merchant management, and merchant mobile app solutions
- Issuer – consumer on-boarding and consumer mobile app solutions
- Transaction processing Engine (NPCI) - end transaction routing engine