NEW DEHLI — India is planning to roll out a nationwide cashless payment system across the country in a bid to move consumers toward epayments. <br /> <br />Dubbed “Bharat QR,” the payment system lets customers buy items by using their smartphone to scan a quick response code generated by the store. <br /> <br />This is expected to eliminate the need for card swipe machines for electronic transactions, with stores using codes instead. <br /> <br />Unlike most mobile wallet apps, the BharatQR codes aren’t restricted to one bank or payment system. They can be used across most payment terminals, reported Mashable. <br /> <br />According to the Hindu, the system operates in two ways: Users can have a QR code for one store and pay by entering their pin; or the store can create a code for separate transactions, with no pin entry required.
