Definition
A UPI Merchant QR is a scannable QR code provided to merchants for receiving UPI payments.
Meaning of UPI Merchant QR
Customers can scan this QR code using any UPI-enabled app to pay instantly. The code is linked to the merchant’s bank account, ensuring direct credit.
Importance
It reduces the need for cash handling and enables quick, secure, and contactless payments. Merchants can display the QR at shops, websites, or apps.