Friday, Apr 26 2024 | Time 04:23 Hrs(IST)
image
Business EconomyPosted at: May 10 2018 6:42PM


CAIT launches nationwide campaign to popularise Bharat QR, support digital payment

New Delhi, May 10 (UNI) In support of the Union Government’s target of 30 billion digital transactions in FY 18-19, the Confederation of All India Traders (CAIT) on Thursday, launched a nationwide campaign to popularise Bharat QR, prompting the trading community to empower itself by embracing this payment solution.
The Traders body also strongly advocated for educating merchants and consumers to use "Bharat QR" for making payments for business transactions and personal usage.
CAIT also recommended and requested from the Government to adopt one QR code for India – Bharat QR and demanded that all closed loop QRs should be migrated to Bharat QR specifications.
CAIT recommended a drive deployment and transaction targets specifically for Bharat QR to banks while removing the additional factor of authentication for Bharat QR transactions. CAIT said that all new current and savings accounts of merchants should be given Bharat QR by default in the welcome kit by banks and existing current or savings accounts of merchants should be given Bharat QR over the next 2 years.
Addressing media at a press conference, CAIT Secretary General Praveen Khandelwal emphasised that Bharat QR will play a pivotal role in encouraging over 60 million micro and small merchants to accept digital payments.
Mr Khandelwal said that in view of the fact that the Government is all set to push digital payments in the country with the recent decision of GST Council to offer incentives for usage of digital payments in GST transactions, it is important for the traders to equip themselves with the available digital payment systems.
“And therefore, Bharat QR is the best alternate among all digital payment solutions. Realising the importance of digital payments as the future of business, the CAIT has launched a nationwide awareness and educational campaign,” said Mr Khandelwal.
The campaign will continue till 2nd October across the country.
UNI ADP PS 1842
Please log in to get detailed story.
Tags: #CAIT launches nationwide campaign to popularise Bharat QR# support digital payment
More News

Arun Alagappan appointed as Executive Chairman of Coromandel International

25 Apr 2024 | 7:41 PM

Hyderabad, April 25 (UNI) Arun Alagappan has been appointed as Executive Chairman of Coromandel International Limited (CIL).

see more..

Tech Mahindra net at Rs 661 crore in Q4; Company gives dividend of Rs 28 per share

25 Apr 2024 | 7:28 PM

New Delhi, April 25 (UNI) Mahindra Group company Tech Mahindra, a technology consulting and digital solutions provider, on Thursday reported about 41 per cent decline in net profit at Rs 661 crore year-on-year basis for the fourth quarter ended March 31, 2024.

see more..

Kottayam-Kochi Rubber Market Rates

25 Apr 2024 | 7:26 PM

Kottayam, April 25 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Indusind Bank net up 15 pc in Q4

Indusind Bank net up 15 pc in Q4

25 Apr 2024 | 7:10 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported a 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023–24, compared to Rs 2,043 crore in the same quarter in 2022–23.

see more..

25 Apr 2024 | 6:53 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023-24 compared to Rs 2,043 crore in the same quarter in 2022-23.

see more..
image