Update: Card network American Express is also part of BharatQR. The card networks also sent an FAQ about the payments on this system: - For any BharatQR transaction to be successfully completed there is authentication usingMPIN. This is in keeping with the norms prescribed by RBI. - The following banks are operationally ready to deploy BharatQR: Axis Bank, Bank of Baroda, Bank of India, Citi Union Bank, DCB, Karur Vysya Bank, HDFC Bank, ICICI Bank, IDBI Bank, RBL Bank, State Bank of India, Union Bank of India, Vijaya Bank and Yes Bank. - BharatQR will have three additional fields. Bank account IFSC Code, UPI virtual address and Aadhaar number. However, some twitter users have pointed out that BharatQR also puts out a 16-digit card number. This is a violation of PCI-DSS norms. We have written to the card networks will update once we hear from them. Earlier: BharatQR, an inter-operable QR code network for payments, built by card networks will be launched today. The system will include Visa, MasterCard and the National Payments Corporation of India's (NPCI) RuPay. The idea for an inter-operable QR code network was floated in December 2016 following demonetization of Rs 500 and Rs 1,000 notes. BharatQR logo unveiled. Looking good! pic.twitter.com/Myj4OnoBxS — tomato (@anandraman) February 20, 2017 Note that wallets' QR code systems, such as Paytm, MobiKwik, FreeCharge and Jio Money etc, do not figure in BharatQR yet. These QR code systems are a closed systems and work only between the wallet users. Sharad Sharma, co-founder of Indian Software Product…
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