MobiKwik has tied up with Amul for introducing cashless payments at Amul’s 7000 outlets and 3 lakh multi brand outlets and retailers across India. The feature will work like MobiKwik’s QR code based payments for toll plazas introduced last month.
Note that it’s not clear how many outlets are live with this feature yet. Users will need to download and install the mobile app and scan QR codes printed at Amul outlets, after which the user can enter the amount to be paid to the outlet.
Following the demonetization of Rs 500 and Rs 1000 notes, many payment companies have been looking at QR Codes as an alternative to POS machines at merchants, given the zero installation cost. Just earlier this week, FreeCharge tied up with a chemists association in Noida to introduce QR based payments in 2000 pharmacies. Last week, PayU backed Citrus Payments and TranServ started implementing QR code based payment systems at national toll plazas and petrol stations while Paytm, which launched QR code payments last year, has seen a significant rise in adoption.
Note that the 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.