What is the difference between Bharat QR and BHIM UPI?

Bharat QR is a Mobile payment solution which is a Person to Merchant (P2M) mode where payments are done using credit or debit cards. BHIM UPI is dynamic, it can be used for Person to Person and Person to Merchant payment using virtual payment addresses. You can read about the Bharat Interface for Money (BHIM): Notes for the UPSC in the given link. 

BHIM App can be used to make direct bank payments by using QR Code, or UPI ID or a combination of IFSC Code and Bank Account number. 

Further readings:

  1. National Payments Corporation of India (NPCI) – An Overview of Objectives, Products
  2. Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19

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