{"id":10596,"date":"2026-07-14T09:14:40","date_gmt":"2026-07-14T03:44:40","guid":{"rendered":"https:\/\/blogrevamp.cashfree.com\/?p=10596"},"modified":"2026-07-14T09:14:43","modified_gmt":"2026-07-14T03:44:43","slug":"qr-code-payments","status":"publish","type":"post","link":"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/","title":{"rendered":"How QR Code Payments Are Transforming India&#8217;s Digital Payments Ecosystem"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a8f0900e8817\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #364250;color:#364250\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #364250;color:#364250\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a8f0900e8817\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#What_are_QR_Code_Payments\" >What are QR Code Payments?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#What_is_a_QR_Code\" >What is a QR Code?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#Types_Of_QR_Codes\" >Types Of QR Codes&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#What_is_QR_Code_Payment\" >What is QR Code Payment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#How_Do_The_QR_Code_Payments_Work\" >How Do The QR Code Payments Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#Types_Of_QR_Code_Payments_Supported_In_India\" >Types Of QR Code Payments Supported In India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#Benefits_Of_Using_A_QR_Code_Payments_System\" >Benefits Of Using A QR Code Payments System&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#Challenges_of_Using_a_QR_Code_Payment_System\" >Challenges of Using a QR Code Payment System<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#Future_Scope_And_Growth_In_India\" >Future Scope And Growth In India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/blogrevamp.cashfree.com\/qr-code-payments\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">The Indian digital payments industry is growing at a 10x rate which is perhaps going to touch the <em>10 trillion mark by FY 2026<\/em><sup><a href=\"https:\/\/www.business-standard.com\/article\/economy-policy\/digital-payments-in-india-projected-to-reach-10-trn-by-2026-report-122060201089_1.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">1<\/a><\/sup>.&nbsp;Among others, QR code payments have also led to the trend of cashless payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Much of this growth is attributed to the introduction of many digital-led initiatives the Indian government has taken. These include the introduction of UPI, Aadhaar Pay, BHIM, and more. <strong>&#8216;QR Code Payment&#8217;<\/strong> is another such initiative launched to encourage and increase the acceptance of cashless transactions across the country.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_QR_Code_Payments\"><\/span>What are QR Code Payments?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>NPCI<\/strong> (National Payments Corporation of India) launched the QR code payments. For example, one can make direct bank-to-bank transfers\/UPI payments by scanning <a href=\"https:\/\/www.cashfree.com\/upi-qr-code\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>UPI QR codes<\/strong><\/mark><\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This mode of payment brings along innovation, interoperability, and security as the three primary pillars to transition India into a cash-lite society.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this blog, we\u2019ll take a deeper look at the following &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>What is a QR code payment?<\/li>\n\n\n\n<li>How QR code works?<\/li>\n\n\n\n<li>Types of QR codes supported India<\/li>\n\n\n\n<li>Benefits and challenges associated with QR code payments<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s start by learning about the basics\u2026<\/p>\n\n\n\n<h2 id=\"h-what-is-a-qr-code\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_QR_Code\"><\/span>What is a QR Code?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Quick Response Codes are commonly known as QR codes. QR code meaning is that it is a two-dimensional code ideally used for identification and tagging purposes. These codes are checkerboard-like scannable squares arranged in a unique manner and distinctive to their purpose.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While their applications are diverse, for instance, being used for instance marketing and information sharing. They soon became a popular mobile payment collection and disbursal medium, especially after the announcement of <em>demonetisation in 2016 in India<\/em><sup><a href=\"https:\/\/www.npci.org.in\/blogs\/qr-codes-the-new-age-tech-shaping-india-s-digital-payments-landscape\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">2<\/a><\/sup>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">QR codes are also quite similar to barcodes except for the fact that the former is a highly refined version of the latter and offers many additional benefits to the users.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/blog\/difference-between-barcode-and-qr-code\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\"><strong><em><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Related Read: What is the Difference Between a Barcode And QR Code?<\/mark><\/em><\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The basic characteristics of a QR code are as follows &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Interoperable in nature<\/li>\n\n\n\n<li>High-capacity data encoding&nbsp;<\/li>\n\n\n\n<li>Printable, readable, and scannable in small sizes&nbsp;<\/li>\n\n\n\n<li>Dirt and damage resistant<\/li>\n\n\n\n<li>Readable regardless of the scanning angle<\/li>\n\n\n\n<li>No or low-cost infrastructure<\/li>\n\n\n\n<li>Remote management by merchants and customers<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-types-of-qr-codes\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Types_Of_QR_Codes\"><\/span>Types Of QR Codes&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">At present, Indian merchants use two types of QR code systems to accept and disburse payments &#8211; static and<strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"> <a href=\"https:\/\/cashfree.com\/blog\/dynamic-gst-qr-codes\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\">dynamic<\/a><\/mark><\/strong>. Let\u2019s learn about them in detail.<\/p>\n\n\n\n<h3 id=\"h-static-qr-code\" class=\"wp-block-heading\">Static QR Code <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As the name suggests, it\u2019s a code that remains static in its nature. Once a merchant generates it, the customer or any third party cannot change\/alter the embedded content in the QR code. They\u2019re an excellent payment method for single usage or personal usage purposes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For instance, a <a href=\"https:\/\/www.cashfree.com\/blog\/whats-new-static-qr-code-on-softpos\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">static QR code<\/mark><\/strong><\/a> would be highly beneficial for a grocery shop. Once generated, the shop owner can simply stick the QR code onto their counters and receive payments from multiple customers via the same code.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-dynamic-qr-code\" class=\"wp-block-heading\">Dynamic QR Code <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Contrary to static QR codes, dynamic QR codes can be changed at any time to suit business needs. Merchants can personalize them to receive or send specific payments to customers and vendors respectively.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For instance, a customer doesn&#8217;t need to enter a payment amount in this case. They come auto-filled with such detail. This reduces churn as well as eliminates friction in the payment process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These codes are also highly comparatively versatile. They enable users to track useful data like the number of scans, locations, operating systems used to scan the code for making payments, and so on. They\u2019re ideal for all types and sizes of businesse<\/p>\n\n\n\n<h2 id=\"h-what-is-qr-code-payment\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_QR_Code_Payment\"><\/span>What is QR Code Payment?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In layman\u2019s language, when merchants and customers use QR codes as a mode of payment collection and disbursement, they qualify as a QR code payment system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This system works like a <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong><a href=\"https:\/\/www.cashfree.com\/soft-pos\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\">POS<\/a><\/strong><\/mark> terminal (however, the only easiest POS terminal out in the market). A customer can use any imaging device such as a smartphone or tablet camera to scan the QR code and complete the transaction right away.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In fact, many wearable device manufacturers including Apple, Fitbit, etc. are developing infrastructures that will help merchants <em>accept NFC-based and QR-code-based payments from wearable devices<\/em><sup><a href=\"https:\/\/www.globalpaymentsintegrated.com\/en-us\/blog\/2017\/10\/11\/mobiletechwearables\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">3<\/a><\/sup>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With a payment service provider like <a href=\"https:\/\/cashfree.com\/payment-gateway-india?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Cashfree Payments<\/mark><\/strong><\/a>, merchants can easily create unique dynamic QR codes and accept payments without investing heavily in any kind of hardware or committing to daunting contracts.<\/p>\n\n\n\n<h2 id=\"h-how-do-the-qr-code-payments-work\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Do_The_QR_Code_Payments_Work\"><\/span>How Do The QR Code Payments Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Typically three parties are involved in a QR code payment process &#8211;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Acquirer<\/li>\n\n\n\n<li>Issuer<\/li>\n\n\n\n<li>Transaction processing engine<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Issuer &#8211; <\/strong>An organization such as a bank where a customer\u2019s money lies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Acquirer<\/strong> \u2013 It\u2019s the bank, <a href=\"https:\/\/cashfree.com\/blog\/payment-service-provider\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">payment service provider<\/mark><\/strong><\/a>, or payment aggregator partner of the merchant who disburses the payments.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Transaction Processing Engine &#8211;<\/strong> It\u2019s the end transaction routing engine that helps complete the QR code-driven transactions. In India, NPCI is the transaction processing engine.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s an illustration example of how a <a href=\"https:\/\/www.cashfree.com\/upi-qr-code\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">QR code payment<\/mark><\/strong><\/a> process takes place when a merchant ties in with a bank or payment service provider like Cashfree Payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">First, the merchant has 2 options to accept such payments &#8211;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Open a merchant account with a bank<\/li>\n\n\n\n<li>Partner with a payment gateway\/payment aggregator.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Once done, they&#8217;ve integrated with a bank or payment gateway and are ready to accept payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thereafter, here is what the payment flow looks like &#8211;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>A customer scans the merchant\u2019s QR code using a scannable app on their mobile phone<\/li>\n\n\n\n<li>The scan then redirects the customer to a payment page with multiple payment options to choose from, including cards, UPI, Net banking, BNPL, etc.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Considering the customer decides to pay via a card, here\u2019s how the rest of the payment process flows&nbsp;&#8211;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The payment gateway encrypts and tokenizes the payment details<\/li>\n\n\n\n<li>These details may be a card number, <a href=\"https:\/\/www.cashfree.com\/blog\/vpa-in-upi\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">VPA<\/mark><\/strong><\/a> in the case of UPI, CVV number, etc.<\/li>\n\n\n\n<li>The payment gateway then forwards the payment information to the Acquiring Bank<\/li>\n\n\n\n<li>The Acquiring Bank further sends the information to the respective card network (VISA, Mastercard, Amex, RuPay, etc.)<\/li>\n\n\n\n<li>The card network then runs a fraud check and sends the report generated to the Issuing Bank<\/li>\n\n\n\n<li>In the information is found authentic, the Issuing bank authorizes the payment<\/li>\n\n\n\n<li>The card company relays the message to the Acquiring Bank, which further requests a fund transfer from the Issuing Bank<\/li>\n\n\n\n<li>The <a href=\"https:\/\/www.cashfree.com\/blog\/payment-aggregator\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Payment Aggregator<\/mark><\/strong><\/a> receives the funds in their account and transfers the same to the merchant\u2019s account ideally in T+1 days.<\/li>\n\n\n\n<li>Funds are debited from the customer\u2019s account and deposited into the merchant\u2019s account.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">The entire payment process takes place in not more than 2-3 seconds.&nbsp;<\/p>\n\n\n\n<h2 id=\"h-types-of-qr-code-payments-supported-in-india\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Types_Of_QR_Code_Payments_Supported_In_India\"><\/span>Types Of QR Code Payments Supported In India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">At present, three types of QR code payments are supported in India. These are as follows &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bharat QR<\/li>\n\n\n\n<li>UPI QR&nbsp;<\/li>\n\n\n\n<li>Proprietary QR<\/li>\n<\/ul>\n\n\n\n<h3 id=\"h-bharat-qr\" class=\"wp-block-heading\">Bharat QR<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The NPCI developed and launched Bharat QR in association with RuPay, Visa, MasterCard, and Amex. It is one of the world\u2019s first fully interoperable QR code payment systems.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a digital payments solution, Bharat QR has significantly improved the acceptance infrastructure in the country.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bharat QR,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Is based on <em>EMVCo Merchant-presented QR<\/em><sup><a href=\"https:\/\/www.emvco.com\/resources\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">4<\/a><\/sup> standards&nbsp;<\/li>\n\n\n\n<li>Ensures interoperability across banks and card schemes<\/li>\n\n\n\n<li>Support all the necessary card payment network credentials<\/li>\n\n\n\n<li>Enables users to pay via multiple payment modes including UPI, cards, net banking, wallets, etc.&nbsp;&nbsp;<\/li>\n\n\n\n<li>Supports dynamic QR code generation which eliminates the need to enter the payment amount&nbsp;<\/li>\n\n\n\n<li>Enables customers to link multiple cards and make payments instantly<\/li>\n\n\n\n<li>Is supported on Android and iOS devices<\/li>\n<\/ul>\n\n\n\n<h3 id=\"h-upi\" class=\"wp-block-heading\">UPI<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/upi-payment-gateway\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">UPI or Unique Payments Interface<\/mark><\/strong><\/a> is another platform that enables such payments. The NPCI launched it in 2016 where it directly debits payable amounts from a customer\u2019s bank account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since its launch, UPI has brought about a paradigm shift in the payments industry. People today heavily rely on it to make various payments. As of September 2021, the <em>number of UPI QR code payment transactions was INR 11.98 crore<\/em><sup><a href=\"https:\/\/indianexpress.com\/article\/technology\/tech-news-technology\/upi-and-qr-code-transactions-see-major-boost-in-india-worldline-report-7654325\/#:~:text=The%20report%20highlights%20that%20the,percent%20and%2098%20percent%20respectively.\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">5<\/a><\/sup>.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">UPI is also interoperable in nature and is open to third-party applications as well. UPI\u2019s capability to rapidly innovate and meet both merchant and customer requirements has made it one of the go-to payment tools in the country.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-proprietary-qr\" class=\"wp-block-heading\">Proprietary QR<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Since demonetization in India, <a href=\"https:\/\/www.cashfree.com\/upi-qr-code\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">QR code payments<\/mark><\/strong><\/a> have become one of the most popular options for all types and sizes of businesses. Be it small Kirana shops, cafes, restaurants, departmental stores, or delivery service providers, everyone can leverage the QR code payment system to accept and disburse payments.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In fact, wallet-based along with <a href=\"https:\/\/www.cashfree.com\/blog\/ppi-interoperability\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">prepaid payment instruments (PPI)<\/mark><\/strong><\/a> companies such as Paytm, PhonePe, etc. have, over time, perfected the art of QR code payments.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They\u2019re helping anyone and everyone running a business generate their unique QR codes, paste them on their counters or on website <a href=\"https:\/\/cashfree.com\/blog\/checkout-page-design\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">checkout pages<\/mark><\/strong><\/a>, and start accepting payments right away.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At present, proprietary QR codes are non-interoperable in nature. However, the Government of India has recently issued a mandate to bring proprietary QR code issuers into the arena of interoperability.&nbsp;<\/p>\n\n\n\n<h2 id=\"h-benefits-of-using-a-qr-code-payments-system\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_Of_Using_A_QR_Code_Payments_System\"><\/span>Benefits Of Using A QR Code Payments System&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 id=\"h-on-the-spot-payments\" class=\"wp-block-heading\">On-the-spot Payments<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Not only do QR code payments enable instant payments, but they\u2019re also quick, compared to other digital methods.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A customer simply needs to open the QR code payment application, scan the QR, and pay. The entire payment process takes less than a couple of seconds to process end-to-end.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-on-the-go-payments-and-payouts\" class=\"wp-block-heading\">On-the-go Payments And Payouts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The beauty of QR codes is that customers can scan from an image as well.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, for instance, you\u2019re on your way home and you\u2019ve ordered groceries from a local shop near your residence. You don\u2019t need to visit the shop to complete the payment. The merchant can simply send you an image of their account-linked QR code on your WhatsApp. You can scan the image using a QR code payment app such as Paytm, GooglePay, etc., and complete the transaction.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, as a merchant, if you have to make a payment to a vendor, you can send them a dynamic QR code prefilled with the order amount. The vendor will scan the code and receive payment in their account instantly.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This payment method has become a go-to payment mode, especially due to the current social distancing scenario.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-no-overhead-charges\" class=\"wp-block-heading\">No Overhead Charges<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It is one of the most cost-effective payment methods. In fact, you can turn your existing POS machines to accept payments via QR codes.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This means that if you\u2019ve already invested in a <a href=\"https:\/\/www.cashfree.com\/soft-pos\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">POS<\/mark><\/strong><\/a> machine, you can leverage that technology and even integrate a QR code payments system to it to make it multi-functional in nature.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, this payment system is a readily available solution. It significantly reduces the need to enter any transaction-related data making it a highly hassle-free solution, especially for merchants.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-secure-online-payment\" class=\"wp-block-heading\">Secure Online Payment<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A QR code payment system is highly <a href=\"https:\/\/www.cashfree.com\/blog\/why-a-secure-payment-gateway-is-important-for-your-business\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">secure<\/mark><\/strong><\/a>. All information transferred via QR codes is encrypted. This helps minimize data loss and security breaches.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-easy-to-set-up\" class=\"wp-block-heading\">Easy-to-set-up<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s extremely easy to set up this payment system. All a merchant needs to do is generate a QR code unique to their business, print it on paper, and paste it onto their countertops.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Online and SaaS merchants can partner with a <a href=\"https:\/\/www.cashfree.com\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">payment aggregator<\/mark><\/strong><\/a> to accept these payments.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Every payment collected via QR code directly gets deposited into the merchant\u2019s bank account. This means, no middle-man cost, no third-party application needed, and no hefty infrastructure cost.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 id=\"h-highly-reliable-solution\" class=\"wp-block-heading\">Highly Reliable Solution&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Comparatively, these payments are foolproof in nature and eliminate the probability of errors and security breaches. The checkerboard-like black squares contain unique data which increases the reliability of the <a href=\"https:\/\/www.cashfree.com\/upi-qr-code\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">QR code payments<\/mark><\/strong><\/a>.<\/p>\n\n\n\n<h3 id=\"h-faster-payment-helps-serve-more-customers\" class=\"wp-block-heading\">Faster Payment Helps Serve More Customers<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As established, they enable faster checkouts and payments. This means, as a merchant, you can serve more customers than before.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is especially beneficial in the case of grocery stores and fast food joints. Multiple customers can scan the QR code at the same time and pay while letting you serve other customers and fulfil their orders on time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/contact-sales\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Collect and Disburse UPI Payments using Dynamic QR Codes<\/mark><\/strong><\/a><\/p>\n\n\n\n<h2 id=\"h-challenges-of-using-a-qr-code-payment-system\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Challenges_of_Using_a_QR_Code_Payment_System\"><\/span>Challenges of Using a QR Code Payment System<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With many benefits, the QR code payment system brings along a couple of challenges as well. Let\u2019s take a look at them.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-security\" class=\"wp-block-heading\">Security<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Although QR code payments are secure in nature, only when the merchants generate the codes through an end-to-end encrypted PSP.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meaning, many free tools on the internet allow merchants to generate QR codes for their business use. However, it\u2019s always advised to get QR codes from government-authorized and approved issuers only. This eliminates the risk of security breaches and fraud.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-usage-limitations-of-a-dynamic-qr-code-payment\" class=\"wp-block-heading\">Usage Limitations Of a Dynamic QR Code Payment<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Merchants can use dynamic QR codes for accepting payments in only a limited number of cases. For instance, they\u2019re highly recommended for accepting online payments. However, since they\u2019re not printable in nature, merchants cannot them at physical store locations.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-fraudulent-activities\" class=\"wp-block-heading\">Fraudulent Activities&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Data encryption is one technique to ensure a secure payment process. However, what if someone manipulates QR codes placed in public places? Anyone scanning the code runs the risk of being directed to a problematic URL. Moreso, it\u2019s difficult to identify if someone tampered with the original QR code, at first glance.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Only when the scans don\u2019t go through is when the security breach can be identified.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h2 id=\"h-future-scope-and-growth-in-india\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Future_Scope_And_Growth_In_India\"><\/span>Future Scope And Growth In India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In India, cash is still the king. However, many recent events have led to a perceptible shift towards digitization. According to an article published by Business Standard, India recorded 9.36 billion transactions accounting for about INR 10.25 trillion in Q1 of 2022.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of these, the total number of Bharat QR code payments registered in March 2022 was 4.97 million registering a 39% growth compared to March 2021.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, UPI-based QR code payments stood at 172.73 million showing an increase of 87% compared to March 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking at the numbers, it\u2019s no surprise that merchants, as well as customers, are accepting QR code as a payment system and harnessing it to their leverage in all respects. Merchants can conveniently set up the payment mode and spend almost nothing in exchange for an excellent acceptance experience.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, there remain plenty of opportunities that the QR code payment system is yet to unfurl and innovate the Indian payment industry further. Glueing all eyes on the future.<\/p>\n\n\n\n<h2 id=\"h-frequently-asked-questions\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 id=\"h-which-qr-code-is-best-for-payment\" class=\"wp-block-heading\">Which QR Code is best for payment?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Both static and dynamic QR codes are ideal for accepting payments. Static QR codes are an excellent choice for merchants running brick-and-mortar stores or engaged in delivery services. Dynamic QR codes, on the other hand, are perfect for online stores that want to offer a personalized customer experience. <\/p>\n\n\n\n<h3 id=\"h-who-brought-the-qr-code-payment-system-to-india\" class=\"wp-block-heading\">Who brought the QR code payment system to India?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">National Payments Corporation of India first introduced the concept of QR code payments via Bharat QR in India. It launched the concept in 2016 soon after the announcement of demonetization in the country.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bharat QR ensures seamless transactions across all authorized banks for all cardholders and UPI users. It works on a simple motto &#8211; <em>One QR platform &#8211; Universal payment solution.<\/em><\/p>\n\n\n\n<h3 id=\"h-is-the-qr-code-payment-system-better-than-tap-and-pay\" class=\"wp-block-heading\">Is the QR code payment system better than Tap and Pay?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Both &#8216;QR codes&#8217; and &#8216;Tap &amp; Pay&#8217; are distinct modes of payment. Each comes with its own list of pros and cons.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, in a couple of stances, the QR code payment system is better than Tap and Pay. Here\u2019s why &#8211;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Tap and Pay payments can only be made in close proximity which is not the case with QR codes. In situations like the pandemic, QR codes have proved to be better<\/li>\n\n\n\n<li>QR codes do not need any infrastructure set up. Tap &amp; Pay may need some additional devices like NFC-enabled smartphones and cards<\/li>\n\n\n\n<li>Evidence shows that QR Code payments have higher transaction success rates as compared to Tap and Pay<\/li>\n<\/ol>\n\n\n\n<h3 id=\"h-what-is-the-qr-code-payment-limit-in-india\" class=\"wp-block-heading\">What is the QR Code Payment Limit in India?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As of now, there\u2019s no defined QR Code payment limit. The NPCI has left it for the banks and wallet companies to define the limit in case of respective transactions.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, any QR code-based transaction made via <em>Bharat QR has a limit of 20 transactions per day<\/em><sup><a href=\"https:\/\/www.india.com\/business\/bharat-qr-all-you-need-to-know-about-the-latest-payment-gateway-launched-by-narendra-modi-government-1860919\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">6<\/a><\/sup>. Similarly, payment made via the BHIM app comes with a limit of INR 10,000 per transaction and a total spend of INR 20,000 per day.&nbsp;<\/p>\n\n\n\n<h3 id=\"h-who-invented-the-qr-code\" class=\"wp-block-heading\">Who Invented the QR Code?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In the late 1990s, a Japanese company called Denso Wave invented the QR code system. These codes were ideally used in the automotive industry to map production, track goods and shipments, etc. However, with the evolution of time, QR codes got adopted by other industries. They were soon being used for item identification and marketing purposes.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many experts claim that QR codes weren\u2019t a huge success as expected in the initial years of their launch. However, in some countries like China, they played a critical role in their rapid growth and development. They enabled businesses to accept digital payments via QR codes without investing in any hardware such as a POS machine.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Come 2022, QR codes have turned into one of the primary modes of payment across all industries worldwide.<\/p>\n\n\n\n<h3 id=\"h-where-is-the-qr-code-in-paytm-app\" class=\"wp-block-heading\">Where is the QR Code in Paytm App?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Each Paytm account has a unique QR code linked with it. To find a QR code in Paytm, follow the below-mentioned steps.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Open the Paytm app<\/li>\n\n\n\n<li>Click on the 3 horizontal lines in the top left corner with your name&#8217;s initials<\/li>\n\n\n\n<li>You will see the QR code icon with the Share QR button<\/li>\n\n\n\n<li>Click on the button and share it with anyone you want<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/contact-sales\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=qrcode_payments\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Collect and Disburse UPI Payments using Dynamic QR Codes<\/mark><\/strong><\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Related Post<\/h4>\n\n\n\n<ul><li><a href='https:\/\/www.cashfree.com\/blog\/what-are-the-kyc-procedures-for-merchant-onboarding\/'>Merchant Onboarding KYC<\/a><\/li><li><a href='https:\/\/www.cashfree.com\/blog\/vpa-in-upi\/'>VPA in UPI<\/a><\/li><li><a href='https:\/\/www.cashfree.com\/blog\/upi-global\/'>Global UPI<\/a><\/li><li><a href='https:\/\/www.cashfree.com\/blog\/payment-page-design-examples\/'>Payment Page Design<\/a><\/li><li><a href='https:\/\/www.cashfree.com\/blog\/ppi-interoperability\/'>PPI Interoperability<\/a><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Read this insightful blog to know how QR code payments have revolutionized the $3 trillion Indian Payments Industry.<\/p>\n","protected":false},"author":29,"featured_media":10699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1,1383],"tags":[1379,1381,5470,1397,5747,1385],"class_list":["post-10596","post","type-post","status-publish","format-standard","has-post-thumbnail","category-all","category-payments","tag-online-payment-gateway","tag-payment-solution","tag-payment-system","tag-payments","tag-qr-code","tag-upi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What Are QR Code Payments? Meaning, Types, Benefits &amp; Process<\/title>\n<meta name=\"description\" content=\"Learn how QR code payments work, why they&#039;re rapidly replacing cash, and how they are reshaping India&#039;s digital payments ecosystem for businesses and consumers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cashfree.com\/blog\/qr-code-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QR Code Payments - Boosting $3 Trillion Indian Digital Payments Industry\" \/>\n<meta property=\"og:description\" content=\"Read this insightful blog to know how QR code payments are immensely contributing in boosting the $3 trillion Indian Payments Industry\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cashfree.com\/blog\/qr-code-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"Cashfree Payments Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-14T03:44:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-14T03:44:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/07\/QRcodepayments-03-3.png?fit=1200%2C800&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Astha Khandelwal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"QR Code Payments - Boosting $3 Trillion Indian Digital Payments Industry\" \/>\n<meta name=\"twitter:description\" content=\"Read this insightful blog to know how QR code payments are immensely contributing in boosting the $3 trillion Indian Payments Industry\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2022\/07\/QRcodepayment.png?fit=1200%2C1200&ssl=1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Astha Khandelwal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Are QR Code Payments? 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