The impact of Bharat QR has been deep among people of different backgrounds and age. This is because it is much more convenient and safe as opposed to carrying cash. Besides, the modern urban population has also become reliant on online payment options. Thus, the introduction of Bharat QR payment mode has come as welcome news for most individuals in India. Here are some points, which have boosted the popularity and use of this payment mode:
Technological advancements in payment procedures has undermined the value of the conventional paper currency. Plastic money or debit and credit cards ruled the transaction sector for long. With the advent of payment options like Bharat QR, plastic currency has also taken a backseat. New-age tech-savvy individuals understand the security issues, associated with card swiping. Thus, they opt for safer and simpler QR-linked payment applications.
For merchants, Bharat QR is a cost-effective mechanism, since there is no additional infrastructure needed at the merchant’s end apart from a simple QR code. For the customer, it is convenient since even if they are not carrying a card, the functionality is available for use with the Mobile Banking app by simply scanning and paying. Enhance your shopping experience with your Standard Chartered card using Bharat QR now!
The government has succeeded in roping in both private and public sector banks to join the Bharat QR bandwagon. The Central Government will soon widen the utilities of this code-based payment functionality. It will encourage more banks to show interest in incorporating the Bharat QR Code platform.
These days cybercriminals are always on the prowl and utilise all possible opportunities to get their hands on your confidential data. It is not wise to take risks when your hard-earned money is on the line. Using Bharat QR to pay via credit card or debit card is a secure monetary transaction option since it is authenticated by the card pin.
From small street-side tea stall to shopping malls, you will be able to use this code-scanning payment technique anywhere. With this payment mode, people will be able to make payments on time, every time, irrespective of the location.
Go ahead, link your existing Standard Chartered debit or credit card to Bharat QR functionality available via SC Mobile banking app. Click here now!