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INTEROPERABLE QR CODE
One soundbox soon for all payment apps as NPCI readies platformNPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multipl...
ONDC launches interoperable QR code to connect sellers with customers online and offlineIn its alpha phase, this tool allows sellers to generate a unique QR code that customers can scan using ONDC-registered buyer apps like Mag...
How interoperability oiled the wheels of mobile paymentsRBI's netbanking interoperability aids fintech growth. Amit Kapoor recommends infrastructure interoperability. Rohan Lakhaiyar highlights c...
SBI, HDFC Bank, Bank of Baroda, other banks allow you to scan UPI QR code and pay via RBI CBDC; how it worksSeveral banks have recently enabled a new functionality for their customers who are transacting using e-Rupee or Digital Rupee, which is In...
Bank of Baroda launches UPI ATM facility: Who can use UPI ATM, how to withdraw cash without using debit or credit cardIt is the first Public Sector Bank to launch UPI ATMs, in co-ordination with the National Payments Corporation of India (NPCI) and powered ...
Retail CBDC transactions to rise exponentially: RBI Deputy GovernorRBI deputy governor T Rabi Sankar said on Thursday that the number of retail CBDC transactions would rise exponentially in coming months as...
Digital Rupee: SBI allows interoperability of UPI and Central Bank Digital Currency (CBDC)With the use of this innovative innovation, customers of the SBI CBDC will be able to quickly scan any retailer's UPI QR code for quick and...
Kotak Mahindra adds UPI interoperability feature to its Digital Rupee appKotak Mahindra Bank has introduced a UPI interoperability feature on its Digital Rupee (e₹) application as part of the RBI's CBDC pilot pro...
Canara Bank launches UPI Interoperable Digital Rupee mobile appCustomers will be able to scan merchant UPI QR codes using the app and make the payment through digital currency.
HDFC Bank onboards 1 lakh customers and 1.7 lakh merchants on CBDC platformPrivate lender HDFC Bank on Thursday said it has onboarded over 1 lakh customers and 1.7 lakh merchants under the Central Bank digital curr...
How to withdraw cash from ATMs using UPI: A step-by-step guide
Reserve Bank bars payment system operators from launching new QR codesThe decision to continue with the two existing Quick Response (QR) codes was based on the recommendations of the committee to review the cu...
RBI panel pitches for incentives to promote usage of QR code transactionsWith a view to promote less cash economy, the government should provide incentives to popularise usage of QR (Quick Response) code transact...
Andhra Pradesh power companies adopt BharatQRBoth Eastern Power Distribution Company of Andhra Pradesh and the Southern Power Distribution Corporation of Andhra Pradesh have started ac...
With the launch of Bharat QR codes, the govt should also pay attention to cyber securityThe QR code also makes the payment system dependent on technology more than ever before, raising the pressure on cyber security.
An interoperable QR code to make payments more easyAt a time when mobile wallet companies are going on a blitzkrieg onboarding merchants to accept QR code-based payments, the biggest hindran...
Common QR code for payments soonWhile Paytm, which has gone all-out to acquire merchants, also allows payments using a QR code, it is a closed-loop system. What it means i...