TRY FOR FREE

Let's Plant a Million Trees – The Green PoS: Bharat QR

It was in February 2017 that the Indian payments industry under the guidance of the Reserve Bank and the Government of India launched Bharat QR, the world’s first interoperable Quick Response (QR) code acceptance solution. Being QR-led it allows for low-cost acceptance and highly secure push payments (consumer initiated) transaction. With increasingly affordable data price and the rapid adoption of smartphones, Bharat QR clearly allows everyone to be a digital payment-accepting merchant. However, it is the green part of it that deserves special mention.

The cost of a physical POS terminal ranges from Rs. 3,000 ($47) for a mobile POS to Rs. 12,000 ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED