SBI Bharat QR: How to simplify your payment hassles through this digital payment facility

SBI Bharat QR: This payment facility is a hassle-free and secure way to receive payments by Merchants from their customers having Bharat QR Customer app enabled mobiles

SBI Bharat QR: Process for on-boarding a merchant for Bharat QR acceptance is same as is in case of the other PoS terminals; contact nearest SBI branch for Bharat QR.Source: Reuters

Bharat QR: Are you a merchant/shop owner and have to deal with a lot of digital transactions? If you are looking for a new, hassle-free and secure way to receive payments from your customers, then the State Bank of India (SBI) Bharat QR can be a viable solution for you. Bharat QR is a hassle-free and secure way to receive payments by Merchants from their customers having Bharat QR Customer app enabled mobiles.

A QR Code is a form of a bar code that has merchants MID, TID, QR ID, Currency and Merchant’s name securely embedded in it. QR code can be static as well as dynamic. Dynamic QR code consists of sale amount as well in addition to other details.

The process for on-boarding a merchant for Bharat QR acceptance is same as is in case of the other PoS terminals. Merchant can contact nearest SBI branch for Bharat QR.

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What you need to have a SBI Bharat QR:
-- Smart mobile phone (Presently Android).
-- A data connection (2G, 3G or 4G).
-- Bharat QR Merchant application installed on Merchant mobile phone.
-- Account with SBI

Benefits of SBI Bharat QR:

-- No physical charge slip is generated; instead merchant gets the notification in his Bharat QR App. As a result, merchants are saved from the hassles of keeping the record of charge slips. History of last 20 transactions is available on the merchant’s mobile phone.

-- Less instances of charge backs. As the customer himself initiates the payment, the occurrence of chargebacks is minimized.

Following activities will be performed after identification of a merchant for providing Bharat QR acceptance facility

-- Merchants will be assigned a unique Merchant ID and Terminal ID by TSP.
-- Based on MID, TID, Bharat QR ID etc. a QR (Quick Response) code will be generated.
-- QR code and a numeric code (PAN No) will be displayed at the billing counter.
-- Bharat QR merchant app will be downloaded on the Merchants smartphone.
-- Decals of Bharat QR will be pasted at a prominent place at Point of Sale.
-- Training will be given to merchant and/or their representatives.

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Customer can make the payment by scanning the static/dynamic QR code.

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