An interoperable QR code to make payments more easy t

Visa, Mastercard and Rupay are all set to launch a quick response (QR) codebased application that would enable merchants accept payments from customer's mobile phone without the bulky, expensive point of sales (PoS) machines. At a time when mobile wallet companies are going on a blitzkrieg onboarding merchants to accept QR code-based payments, the biggest hindrance for customers is that these codes are not read across all wallet applications.