Money & Banking

Visa, BillDesk extend BharatQR services to over 300 mn consumers

K.R.Srivats New Delhi | Updated on January 10, 2018

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Visa, a global leader in payments technology and BillDesk, the country's largest payments solution platform, have announced the enablement of 50 large service providers for Bharat QR payments acceptance, thus extending the digital payment facility to potentially over 300 million consumers.

Some key merchants enabled include Tata AIG, ACT Broadband, Reliance Energy, Gujarat Gas, MTNL, Aircel, Tata Power, Pune Municipal Corporation, and Calcutta Electricity Supply spanning services such as utilities, Internet, phone, DTH, insurance, and government services.

T.R. Ramachandran, Group Country Manager, India and South Asia, Visa, said, “The core idea that binds technology and payments is simplicity and convenience, and QR code is a great example. Having pioneered QR technology as a low-cost payments solution for open loop networks, and having worked with the government and the industry in developing BharatQR, Visa’s endeavour is to grow the acceptance network for BharatQR and make digital payments accessible to all. Through our collaboration with BillDesk, we hope to fast-track the transition to digital payments and make a less-cash society a reality for India.”

Ajay Kaushal, co-founder, BillDesk said in a statement, “BillDesk is delighted to engage with Visa to promote BharatQR. This is a simple yet powerful solution with great potential to shift consumers and merchants from cash to digital payments for everyday spends. It provides speed, security and convenience that cash payments cannot match. Merchant interest in and demand for BharatQR is growing for it is a simpler, faster, and more reliable way to accept digital payments with BharatQR. We will continue to collaborate with Visa to enable online merchants for BharatQR acceptance and simplify digital payments for consumers.”



srivats.kr@thehindu.co.in

Published on September 06, 2017

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