The Reserve Bank of India is stopping the nation’s payment system operators from issuing its proprietary barcodes. The Indian banking regulator, the Reserve Bank of India, has announced that it is banning the generation of new QR codes that would have been the foundation of a new mobile payments system in the country. The regulator has stated that the new proprietary quick response codes will no longer be permitted. The national payment system is no longer allowed to issue new QR codes from its proprietary format for the purpose of…
Read MoreIndian regulator bans new QR codes from being launched in the country
