HomeNewsEconomyPolicyBig Story | Payment operators directed to shift to interoperable QR codes by March 2022

Big Story | Payment operators directed to shift to interoperable QR codes by March 2022

It has also barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions.

Moneycontrol News
October 23, 2020 / 18:12 IST
Story continues below Advertisement
Remove Ad

The Reserve Bank of India has directed payment operators such as Paytm, PhonePe, MobiKwik, Google Pay to shift to interoperable Quick Response (QR) codes by March 2022.

It also barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions.

Story continues below Advertisement
Remove Ad

This removes the hassle of downloading multiple payment apps to enable digital transactions.

Will this simplify the process of digital transactions? Let’s find out in this edition of Big Story

Moneycontrol News
TAGS: #digital transaction #India #RBI #video
first published: Oct 23, 2020 05:27 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Follow Us On: Facebook twitter instagram linkedin telegram youtube
News
Business New Market New Stocks Income Tax Calculator Election Schedule 2024 India News Economy Mutual Funds Personal Finance IPO News Startups New USA Elections New
Features
Gold Rate Today Silver Rate Today Trending News Startups New National News MC Videos MC You Tube
Tools
SIP Calculator 2 SIP Calculator 3 SIP Calculator 1 New SIP Calculator 4
Specials
PowerYourTrade Master Your Money Game Changers
Network 18 Sites
News18 Firstpost CNN News18 CNBC TV18 Forbes History TV18
Personal Finance
Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance Tracker Fixed Deposits Fixed Deposit Comparison Fixed Income Account Aggregator
Quick Links
About Us New Contact Us Advisory Alert New Advertise with Us New Disclaimer Privacy Policy Cookie Policy Terms & Conditions Careers Financial Terms (Glossary) Analytical & Information Tool New
Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.