Better late than never I suppose. PayU backed Citrus Payments and TranServ have started implementing QR code based payment systems at national toll plazas and petrol stations. PayU and Citrus wallets can be used to scan QR codes in Hindustan Petroleum Corporation Limited (HPCL) outlets. Meanwhile, TranServ’s Udio wallet can be used in 500 national toll plazas and its merchant partners.
Last month following the demonetization move, MobiKwik was made a payment method at 391 toll booths on Indian Highways. The company said that it received approval from National Highways Authority of India (NHAI) for the cashless payment method. Similarly Paytm said that commuters can pay highway tolls at 40 toll plazas across the country.
It needs to be noted that Udio uses mVisa technology for QR code payments, while Paytm and MobiKwik use their own closed systems to process these transactions. We have mentioned that mVisa’s QR code technology is slightly convoluted and requires the creation of a virtual prepaid card to link a card from another network such as MasterCard and RuPay.
However, government has asked the three major card networks – MasterCard, Visa and RuPay – to build an interoperable QR Code solution. The government’s interoperable QR code-based solution will allow payments through multiple gateways. A merchant will display a common QR code, as opposed to separate codes for different wallets and services, which can be scanned through a smartphone app linked to the card networks and money will be directly transferred to a merchant’s account.
HPCL gas cylinder deliveries
Citrus Pay also said that it will be helping deliveries of HPCL’s LPG cylinders via cashless method. Customers will receive an SMS the day their cylinder is out for delivery and they may follow the link in SMS to pay for the same online, via credit and debit cards, net banking or Citrus Pay wallet. Money stored in the mobile wallet of Citrus Pay can also be used to buy the LPG gas cylinder from HPCL.