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How to Simplify Your Payment Through the IndusInd Bharat QR Code?
Posted on Tuesday, October 19th, 2021 | By IndusInd Bank
Digital payments in India are currently in a transitional phase. Increasing number of people are looking for smarter, safer, simpler, and faster payment options. To service this growing demand, the Government of India has recently launched a unique bank-based functionality – Bharat QR – that triggers the transaction process by scanning codes.
To keep in line with the developments, IndusInd Bank has launched its own Bharat QR-based product, enabling merchants to collect payments effortlessly. With Bharat QR, your customers would no longer have to fend for cash or carry cards. Just a quick scan from their smartphone, and the transaction is complete!
But what is Bharat QR? How does it work? Read on to find out.
What is IndusInd Bharat QR?
Bharat QR is a quick response code platform. It allows merchants to accept payments from customers simply via a QR code. But what exactly is a QR code? QR codes are two-dimensional barcodes that store information and can be read via a smartphone camera. Customers can link their credit or debit cards to the Bharat QR app and make cardless and cashless electronic payments just by scanning codes in merchant outlets.
How Does It Work?
Here’s a step-by-step breakdown of how IndusInd Bharat QR works:
- Step 1: Your customer launches the IndusMobile or any other UPI-enabled app
- Step 2: Next, the customer will scan the QR code at your outlet
- Step 3: Once scanned, the customer will have to enter the purchase amount
- Step 4: To go ahead with the transaction, the customer will have to enter their PIN
- Step 5: Once the PIN is authorised, you’ll receive the amount directly in your bank account
What Are the Benefits of IndusInd Bharat QR?
1- Secure Payments
Today, cybercriminals are constantly on the prowl, looking for opportunities to acquire confidential data. However, since all Bharat QR transactions are PIN protected, you can rest assured regarding the security. Plus, Bharat QR also employs several sophisticated encryption techniques, making transaction data impossible to crack.
2- No Need for Credit/Debit Cards
Card users often face the issue of misplacing their cards. Even if this isn’t the case, there is always a chance of transaction delays or faulty payments. Bharat QR apps eliminate these problems as it is faster and easier to operate.
3- Eliminates Maintenance Cost
Bharat QR is on its way to making POS terminals obsolete. POS devices are expensive to maintain and require multiple installations, especially in large stores. Bharat QR demands zero installation costs since all you need is a QR code to accept payments.
Documents Required
If you wish to install IndusInd Bharat QR at your outlet, here are the documents you must submit:
- Merchant application form
- ID proof
- Address proof
- Business legality proof
Wrapping Up
With the introduction of Bharat QR, your customers can now bid farewell to the inconvenient traditional payment modes and seamlessly scan their way through all the transactions. So, why wait? Say goodbye to POS terminals and provide your customers with a convenient payment method by opting for IndusInd Bharat QR today!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
