Centre is to mandate _________ code based payment method option using UPI at all shops to promote digital payment.

  • 1mVisa
  • 2Quick response (QR)
  • 3VPA response
  • 4Bar response (BR)
Answer:- 2
Explanation:-

The Indian government is planning to mandate a quick response (QR) code based payment method option using Unified Payments Interface (UPI) at all shops. The prime idea behind the proposal of mandatory QR code-based payment is to make digital payment more popular and bring a behavioral change in the ecosystem. The GST council approved the proposal. The move will also provide a GST benefit to both shops and consumers. The govt has for the project roped in National Payments Corporation of India (NPCI) to work on a necessary mechanism to launch it nationally. The QR code payment is reported to have witnessed exponential growth in consumer adoption in ASEAN countries.

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