Bandhan Bank today announced the launch of its latest payment solution, the Bharat QR Code, aimed at simplifying transactions for Current and Savings account customers. This innovative payment method allows customers to make payments at merchant outlets via any banking or UPI app, eliminating the need for debit or credit cards. An instant notification system, including a small speaker, will alert users of successful payments.
Rajinder Babbar, Executive Director & Chief Business Officer of Bandhan Bank, emphasized the bank’s commitment to addressing customer needs with robust solutions. “With the launch of BQR, we aim to provide a robust payment solution that empowers merchants to offer an easy mode of payment to their customers. By continuously investing in advanced technologies and user-centric solutions, we are ensuring our customers enjoy a seamless, intuitive, and accessible banking experience anytime, anywhere.”The Bharat QR Code is set to benefit a wide range of merchants, from small vendors to large retailers, by offering a highly secure and faster payment option. This initiative underscores Bandhan Bank’s dedication to innovation and customer-centricity in the banking sector.
In Agartala, this new payment solution is expected to significantly enhance the shopping experience. Local vendors and retailers in the bustling Agartala market anticipate smoother transactions and increased customer satisfaction. The ease of making payments without physical cards is likely to attract more digital-savvy customers, boosting overall market activity and contributing to the city’s economic growth.Since its inception as a universal bank on August 23, 2015, Bandhan Bank has rapidly expanded, with a presence in 35 of India’s 36 states and union territories. With nearly 6300 banking outlets and over 3.35 crore customers, the bank has a deposit base of Rs. 1.35 lakh crore as of March 31, 2024, showcasing its significant growth and commitment to financial inclusion.
