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RBI asks payment firms to use interoperable QR codes

Updated : October 22, 2020 10:13 PM IST

Interoperable QR codes make it easier for the customers to make payments, regardless of the app they are using.
The process of migration towards the interoperable QR codes should be completed by March 31, 2022.
Two interoperable QR codes are operating in the country: Bharat QR and Unified Payments Interface.
RBI asks payment firms to use interoperable QR codes

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