Customers in Mumbai will soon be able to use QR codes of the Unified Payment Interface (UPI) network for transactions using digital currency, according to the Reserve Bank of India's deputy governor. The move is expected to encourage more central bank digital currency (CBDC) transactions and promote interoperability. The deputy governor also called on banks to prepare for one million transactions a day using CBDC by the end of the year. The pilot for retail transactions using CBDC has already attracted over one million users and 262,000 merchants.
1 min read12 Jul 2023It is a common ploy of fraudsters to tell you to scan the QR code to receive the payment. Remember that it is a way to send the money, not to receive it
2 min read6 May 2022More than half of the 8 lakh merchants on Mswipe, including 1.5 lakh existing PoS device owners, also accept QR code-based paymentsCEO Manish Patel says India has around 1.5 million large to medium merchants who have been accepting PoS device payments even before demonetization
2 min read10 Oct 2019Train passengers can easily obtain paperless unreserved mobile tickets at 12 important railway stationsWith this facility, it will be convenient for passengers who decide to book tickets in the last minute
1 min read27 Sep 2019Passengers can authenticate their boarding passes by scanning its barcode or QR code with their mobile phones
1 min read15 Jan 2019The feature had been under testing for a few months and users can finally test it out by updating the application through the Google Play Store
1 min read17 Dec 2018You can try some of these features on WhatsApp Beta
2 min read14 Dec 2018You can now send and receive WhatsApp contacts by generating or scanning QR codes
1 min read15 Nov 2018The move will include shifting of enrolment centres at private places to banks, post offices and government premises operated by UIDAI officials
1 min read30 Oct 2018Overcoming the barriers to adoption in a cash rich economy will require merchant and user-centric strategies
4 min read14 Oct 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared