Question
The world's first interoperable payment
acceptance solution is developed by National Payments Corporation of India (NPCI), Mastercard and Visa. In this users can just “scan and pay”. What is this solution called?Solution
BharatQR code, the world's first interoperable payment acceptance solution, was launched to move towards less-cash economy at an "insignificant cost". The government has been aggressively pushing for higher usage of digital payment mechanisms, including launching BHIM app and increasing penetration of PoS machines. BharatQR code would require merchants to only display one QR code instead of multiple ones
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