The Committee on the Analysis of QR Code was constituted by RBI on December 23, 2019 under the Chairmanship of Prof. D.B. Phatak (Professor Emeritus, IIT-Bombay) to review the prevalent system of QR Codes in India for facilitating digital payments and submit recommendations.
The recommendations are based on four pillars:
After examining the recommendations and the feedback received, the following has been decided:
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