Bharat QR code the world's first inter-operable payment acceptance solution, was launched as part of efforts to move towards less-cash economy at an insignificant cost, according to RBI.
Payment networks such as MasterCard and Visa have joined hands with National Payment Corporation of India (NPCI) to launch Bharat QR, a common Quick Response(QR) code that would enable seamless digital payments without card swiping machines.
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