QR code-based payments to be made compulsory in Indian shops

Govt plans to make QR code-based payments via UPI mandatory for all Indian shops having a higher turnover. After which, QR codes may be introduced on invoices as well.

Are you ready for it?? If not, you better be!

Here’s how digital payment favours your business:
✔You can now get GST benefits conveniently.
✔Cashless payment is less stressful. Torn notes, exact change issues, theft problems will be removed.
✔It’s convenient for your customers. They don’t have to use debit and credit cards anymore. More sales for you!!!
✔Payment can be immediately verified.
✔Cashless transactions increase customer satisfaction.
✔It automatically records useful information related to the products customers are buying. You can serve your customers better every time they return.

 

Now, the National Payments Corporation of India (NPCI) is officially working to implement it as quick as possible.

What do you think about this new QR code based payment? Comment Below.

 

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Source: Moneycontrol.com

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