Fintech startup Trupay in its bid to make new age digital payment easier and taking them to a higher level of convenience for merchants across the country has introduced a unique UPI-BHIM Bharat QR Code Merchant Kit.
“UPI-BHIM and BharatQR code, the world’s first interoperable payment acceptance solution, was launched by the government as part of its efforts to move towards less-cash economy at an insignificant cost. Trupay is taking the UPI -BHIM and Bharat QR Code payment solution to the next level by enabling Merchant Solutions at the grassroots level for these new age payment systems,” said Rahul Gochhwal, Co-founder, Trupay.
“As per RBI data, UPI transactions volumes have already overtaken transactions volumes of all the Wallets combined. UPI is not only the most advanced payment system in the world but is also the most cost effective payment medium.There is a big demand for Merchant solutions for UPI and Bharat QR enabled payments. To cater to this demand and enable faster merchant takes up Trupay has come up with a unique Merchant Kit for these payment solutions,” added Gochhwal.
“This UPI-BHIM, Bharat QR Merchant Kit is a unique plug and play solution for merchants across all sectors including Retail, Hospitality, Hospitals, Education, Restaurants, Financial Services etc. Trupay is onboarding about 1000 merchants per week for UPI and Bharat QR Payments with this Merchant Kit,” said Vivek Lohcheb, Co-founder, Trupay.
With UPI-BHIM and Bharat QR solution Merchants are able to receive payments using their unique UPI and Bharat QR Code. Customers can scan the QR code with any of 50+ UPI apps including BHIM and also their Bank Apps to make payments added Lohcheb.
“Going forward, with one payment code, India will achieve its target of being a digital economy at a much-accelerated pace,” he added.