UPI QR Code & Bharat QR Code Kya hai |Bharat QR kaise Istemal kare

MallicK TecH

3 Oct 202008:39

Summary

TLDRThe video script discusses the unique topic of UPI (Unified Payments Interface) in India, explaining how to make payments without a bank account using a credit card and a QR code. It highlights the benefits of using UPI, such as multiple payment options and the ability to scan and pay directly from various applications. The script also touches on the differences between the Indian QR code and UPI QR code, and the availability of UPI across different platforms and devices, emphasizing its convenience and modern approach to digital payments in India.

Takeaways

😀 The video discusses the unique topic of UPI (Unified Payments Interface) and QR codes in India, which is not widely covered on YouTube.
🔍 The speaker initially had no bank account but was able to make payments via credit card using a friend's UPI QR code.
📱 UPI QR codes in India offer multiple payment options, unlike the standard QR codes that are limited to market transactions.
💳 The script explains that UPI QR codes allow payments directly from bank accounts, without the need for a linked account, offering flexibility.
🛒 It mentions that UPI supports various networks like Visa, Mastercard, and American Express, enabling a wide range of payment options.
🏦 The video highlights the difference between India's QR codes and UPI QR codes, emphasizing the multiple payment benefits of the latter.
📲 The speaker talks about various applications that support UPI QR codes, including Google Pay, Paytm, and the official BHIM app.
🔗 The script mentions that to generate a UPI QR code, one must be registered as a merchant, and the process involves a provider.
💡 The video suggests that the concept of UPI QR codes is designed to reduce costs and offer a charge-free payment method for customers.
🛍️ The script also touches on the future of UPI QR codes, indicating that they are becoming more modern and feature-rich.
👨‍🏫 Lastly, the video serves as an educational resource for understanding UPI QR codes, their generation, and their use in payments.

Q & A

What is the main topic discussed in the video?
-The main topic discussed in the video is the UPI (Unified Payments Interface) QR code and its various features, benefits, and how it can be used for payments in India.
Why did the speaker decide to make a video on UPI QR codes?
-The speaker decided to make a video on UPI QR codes because they found very few videos on the topic after searching on YouTube and thought it would be valuable to create a detailed video explaining the concept.
What is the difference between a UPI QR code and a regular QR code?
-A UPI QR code is specifically designed for payments in India and offers multiple payment options, while a regular QR code can be used for various purposes and may not be limited to payments.
How can one use a UPI QR code for payments?
-One can use a UPI QR code for payments by scanning the code with a UPI-enabled app, selecting the payment option, and completing the transaction using a bank account, credit card, or other linked payment methods.
What are some of the benefits of using UPI QR codes?
-Some benefits of using UPI QR codes include the ability to make payments without needing a bank account, multiple payment options, and the convenience of making payments through various UPI-enabled apps.
Can UPI QR codes be used for payments outside of India?
-UPI QR codes are primarily designed for use in India, and their functionality for payments outside of India may be limited or not supported.
What are some applications that support UPI QR code payments?
-Some applications that support UPI QR code payments include Google Pay, Paytm, BHIM UPI, and other UPI-enabled banking apps.
How does the UPI QR code work with credit cards?
-UPI QR codes can be used with credit cards by scanning the code and selecting the credit card as the payment option, allowing for payments to be made directly from the credit card.
What is the difference between a UPI QR code and a merchant QR code?
-A UPI QR code is used for making payments, while a merchant QR code is used for receiving payments. Merchants need to be registered with a bank to generate a merchant QR code.
Can individuals generate UPI QR codes for receiving payments?
-No, individuals cannot generate UPI QR codes for receiving payments. UPI QR codes for receiving payments are typically generated for merchants who are registered with a bank.
What are the charges associated with using UPI QR codes for payments?
-There are no charges for using UPI QR codes for payments, making it a cost-effective option for transactions.

Outlines

00:00

🤔 Understanding UPI and QR Codes in India

This paragraph discusses the concept of UPI (Unified Payments Interface) and QR codes in India. The speaker shares their experience of searching for information on this topic on YouTube and finding limited resources. They mention a friend's suggestion to use a UPI QR code for payment, which led to further research on how UPI QR codes work in India. The speaker explains that UPI QR codes are available for both merchants and individuals, with different benefits and options. They highlight the flexibility of UPI QR codes, which allow for payments through various methods such as bank accounts, credit cards, and even prepaid cards. The paragraph also touches on the support for UPI QR codes in various applications, including Google Pay, Paytm, and the official UPI app. The speaker emphasizes the convenience and multiple payment options provided by UPI QR codes in India.

05:00

💼 Merchant Registration and UPI QR Code Generation

In this paragraph, the focus shifts to the process of generating UPI QR codes for merchants in India. The speaker explains that merchants need to be registered with a bank to receive a UPI QR code. They discuss the role of the bank in providing the necessary support and the limitations for individuals in generating UPI QR codes. The speaker also mentions the cost associated with using a UPI QR code, which is typically charged by banks on a monthly basis. However, they note that there are no transaction charges for using UPI QR codes. The paragraph further delves into the technical aspects of scanning UPI QR codes and making payments, highlighting the options available for both merchants and customers. The speaker concludes by encouraging viewers to subscribe to the channel and ask questions related to the video content.

Mindmap

Keywords

💡UPI

Unified Payments Interface (UPI) is a real-time payment system in India that facilitates interbank transactions using a mobile platform. In the video, UPI is discussed as a method for making payments using a QR code, which is a significant part of the video's theme on digital payments in India.

💡QR Code

A QR code (Quick Response code) is a two-dimensional barcode that can be scanned to store and process information quickly. In the context of the video, QR codes are used for UPI transactions, allowing for a contactless and efficient way to make payments.

💡Payment

Payment refers to the transfer of money from one party to another to settle a debt or to purchase goods and services. The video discusses various methods of payment, such as using UPI, credit cards, and bank accounts, which is central to the discussion on digital transactions.

💡UPI QR Code

A UPI QR code is a specific type of QR code that is used for UPI transactions. The video explains how to use a UPI QR code for payments, emphasizing its role in facilitating digital transactions in India.

💡Bank Account

A bank account is a financial account maintained by an individual or business at a financial institution to store money and conduct transactions. The script mentions bank accounts in the context of linking them to UPI for payment processing.

💡Credit Card

A credit card is a payment card issued by a financial institution that allows cardholders to borrow funds to make purchases. In the video, credit cards are mentioned as one of the payment options that can be used in conjunction with UPI for transactions.

💡Debit Card

A debit card is a plastic card linked to a bank account, which allows the cardholder to access and spend the money in the account. The script discusses the use of debit cards for making payments via UPI.

💡Prepaid Card

A prepaid card is a payment card that is preloaded with a specific amount of money and can be used to make purchases until the funds are depleted. The video mentions prepaid cards as another option for UPI transactions.

💡Merchant

A merchant is an individual or business that sells goods or services to consumers. The video discusses how merchants can accept payments through UPI QR codes, highlighting their role in the digital payment ecosystem.

💡Payment Options

Payment options refer to the various methods available for making transactions. The video explores different payment options, such as UPI, credit/debit cards, and prepaid cards, which are essential for understanding the range of digital payment methods in India.

💡Application (App)

An application, or app, is a software program designed to perform a specific function on a mobile device. The script mentions various apps that support UPI transactions, such as Google Pay and Paytm, which are integral to the video's narrative on digital payments.

Highlights

Introduction to the topic of UPI QR codes in India and their significance.

Discussion on the scarcity of information and videos on UPI QR codes on YouTube.

Explanation of how to make payments using UPI QR codes without a bank account.

Description of the process to scan and make payments using UPI QR codes.

Difference between India's QR code and UPI QR code and the benefits of using UPI QR codes.

Availability of multiple payment options with UPI QR codes, including credit and debit cards.

Mention of the support for UPI QR codes in various applications and platforms.

Details on how to register as a merchant to generate UPI QR codes for business transactions.

Explanation of the charges associated with UPI transactions and the cost benefits for users.

Discussion on the interoperability of UPI QR codes across different applications and services.

Highlighting the ease of making payments using UPI QR codes with various types of cards.

Information on how to generate UPI QR codes for individual and merchant use.

The role of banks in providing UPI QR code support and the process for merchants to get registered.

Advantages of using UPI QR codes for both online and offline transactions.

The impact of UPI QR codes on the digitization of payments in India.

Future prospects and potential developments in the use of UPI QR codes.

Encouragement for viewers to subscribe to the channel for more related content.

Invitation for viewers to ask questions and share feedback in the comments section.