Bharat QR

Bharat QR is a QR based payment solution which represents a new channel of initiating and accepting payments between buyers and sellers (or consumers and merchants) using the mobile phone. This solution has been jointly set up by NPCI, Visa and MasterCard which is capable of digitising payment transactions between consumers and merchants. These QR Codes are deployed at merchant locations for customer-initiated retail transactions and allows the customer to be in control of initiating and authenticating the payment to merchant without providing the merchant any of his/her credentials.

As on September about 24 banks are live as Issuer and 26 Banks are live as Acquirer on BharatQR.

Issuer Banks

State Bank of India, Axis Bank, ICICI Bank, HDFC Bank, Canara Bank, Federal Bank, Andhra Bank, Bank of Baroda, Punjab National Bank, Lakshmi Vilas Bank, Vijaya Bank, RBL Bank, KarurVysya Bank, Citi Union Bank, IDFC Bank, Saraswat Co Op Bank, Syndicate Bank, Punjab & Maharashtra Co Op Bank, Thane Janata Sahkari Bank, YES Bank, UCO Bank, Equitas Small Finance Bank, Oriental Bank of Commerce and South Indian Bank.

Acquiring Banks

State Bank of India, Bank of Baroda, Bank of India, IDBI Bank, Vijaya Bank, Corporation Bank, ICICI Bank, HDFC Bank, Axis Bank, YES Bank, KarurVysya Bank, City Union Bank, RBL Bank, DCB Bank, Lakshmi Vilas Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank, Indian Bank, United Bank of India, Equitas Small Finance Bank, Union Bank of India, Punjab National Bank, Canara Bank, Andhra Bank, Central Bank of India.

Interoperability between UPI QR and BharatQR

Banks and Payment Service Provider Apps which are integrated are mentioned as below:

BHIM App, Google Tez App, HDFC Bank, Central bank of India, South Indian Bank, HSBC, KarurVyasya Bank and Standard Chartered.

Following banks that have integrated BharatQR with UPI credentials as Acquirer are mentioned below:

HDFC Bank, Axis Bank and Karur Vyasya Bank.

Quick Facts

  • BharatQR was devised based on the direction set by the Reserve Bank of India (RBI) in September 2016 and its Payments Vision 2018.
  • BharatQR is the world’s first interoperable Quick Response (QR) code acceptance solution developed by the payments industry to expedite India’s transition to a less-cash society.

How Bharat QR works?

Bharat QR works as an alternate channel of payment, where cardholder have to download his/her bank’s Bharat QR enabled mobile app to scan the Bharat QR code at Merchant store and select a card to make payment. Once the payment is successful, both cardholder and merchant receivesa notification in the mobile application.

Can I use RuPay Card for payments through Bharat QR?

Yes, any RuPay card (Debit / Prepaid / Credit / Virtual Card) which is linked to the customer’s account / wallet can be used to make payments through Bharat QR.