QR code interoperability is a feature that strengthens India’s digital payments ecosystem. It allows a single QR code to accept payments from multiple UPI apps and payment platforms. Merchants no longer need separate QR codes for different payment providers, simplifying their operations.
For customers, interoperability means they can pay using their preferred app without worrying about compatibility. This convenience encourages more people to use digital payments. Interoperability also reduces costs for merchants since they don’t have to maintain multiple payment systems. Efficiency is improved significantly especially when it comes to small businesses in rural and semi-urban areas.
The feature supports financial inclusion by ensuring that even the smallest merchants can participate in the digital economy. With government and private players promoting this feature, more businesses and consumers are adopting UPI.
