Oxigen plans to launch single QR code to achieve interoperability with banks

Oxigen services Pvt Ltd is planning to launch a single Quick Response (QR) code between Visa, MasterCard, Rupay and itself by the first week of January, with the aim of achieving interoperability with banks. The QR code will be deployed in 50,000 to 1 lakh outlets across 50 major towns in India. Using the QR code, a merchant will be able to accept payments from Oxigen, Visa, MasterCard or Rupay users. There will be no need for separate QR codes for different entities.