Which of the following is correct reading Bharat QR code 1 There is no need to install POS machine a...........

Economic Affairs Digital Economy

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Which of the following is correct reading Bharat QR code

(1) There is no need to install POS machine and it can work without swiping cards

(2) It has been developed by RBI

Choose the correct code

1 only

2 only

Both 1 and 2

Neither 1 and 2

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Explanation:

•Bharat QR code launched on February 20, 2017
•It enables people to pay for things without swiping cards
•Developed by NPCI
•Can be linked to all banks
•No need to install POS machines at shops that reduces cost effectively
•These can be read by camera of a smartphone