Consider the following statements about Bharat QR Code 1 It is world rsquo s first in...........

Economic Affairs Digital Economy

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Consider the following statements about Bharat QR Code:

1. It is world’s first interoperable payment acceptance solution.

2. It has been jointly developed by National Payments Corporation of India, Visa, Master Card and American Express.

Which of the above statements is/are incorrect?

1 only

2 only

Both

none

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Explanation:

It is world’s first interoperable payment acceptance solution. It is launched by the Government of India and is a move towards less-cash economy. It has been jointly developed by National Payments Corporation of India, Visa, MasterCard and American Express under instructions from RBI.