The internet has transformed the financial transaction landscape. Before, it would take several hours to complete a fund transfer. However, now, you can complete a fund transfer within minutes. So, whether you wish to transfer money to your loved one, pay utility bills, or make other payments, you can do so without hassles.
Several online fund transfer modes exist. The QR or Quick Response Code is one of the most popular modes. The code stores information which a digital device can read. It is commonly used to make online payments without sharing Bank Account details. It allows you to make secure and instant payments. The article answers the most common FAQs about the Bharat QR code.
What is the Bharat QR?
Understanding `what is Bharat QR codeis simple. It is a QR-based payment system that allows you to make Person-to-Merchant digital payments in no time. You only need to scan the Bharat QR code using a supportive mobile application, enter the amount and your PIN to make the transfer, and the entire process will not take more than a few minutes.
What are the benefits of using Bharat QR?
• Convenience – Carrying a significant amount of cash is a challenge. You will likely face several hassles and even serious security concerns. The Bharat QR code eliminates the need to carry cash. You can make any significant fund transfer or pay any bill amount by scanning the QR code.
• Security – You need to enter a PIN to validate any payment request. This ensures maximum security of the transaction. If a wrong or unauthorised payment request is initiated, you can contact the bank to stop it.
• No additional charges – At several merchant stores, you may pay a processing fee if you use the Debit/Credit Card. However, with Bharat QR, you can simply scan to pay, and no additional charges apply.
How to make an offline payment using the Bharat QR code?
Let us assume you are enjoying savouries at a local vendor in your area. You can pay by scanning the Bharat QR code by following the below-mentioned steps:
• Scan the merchant’s QR code or enter their UPI ID.
• Select your preferred payment option – UPI wallet or your Debit/ Credit Card.
• Enter the bill amount.
• Authenticate the payment request by entering your 4-digit PIN.
• Hit the confirm button to pay.
How to make an online payment using the Bharat QR code?
Let us consider another example: you are shopping online. You can pay for the items by following the below-mentioned steps:
• Add the items to the shopping cart
• Proceed to pay
• Select UPI from the available payment modes.
• Scan the Bharat QR code to make the payment.
• Click on the payment request on your UPI app and enter your PIN to pay.
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