UPI QR Code Payments

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Questions and Answers

Which payment method is prominently displayed with the phrase 'Accepted Here'?

BHIM UPI
Paytm (correct)
Google Pay
PhonePe

What type of app is indicated for scanning and payment?

Any UPI App (correct)
Specific Bank Apps
Social Media Apps
E-commerce Apps

Which of the following is the correct representation of the UPI ID presented in the image?

paytmqr60dprs
60dprs@ptys
paytmqr60dprs@ptys (correct)
PaytmQR60DPRS@PTYS

What type of payment is facilitated by the system?

UPI payments (D) Signup and view all the answers

If a customer has a different UPI app like PhonePe, can they still use it to make a payment with this QR code?

Yes, any UPI app can be used. (A) Signup and view all the answers

Which entity's QR code is displayed, allowing users to make payments?

Paytm (B) Signup and view all the answers

What does 'UPI' stand for in the context of digital payments, as indicated in the details provided?

Unified Payments Interface (C) Signup and view all the answers

Why might a business choose to display this particular QR code?

To facilitate easy mobile payments via UPI. (C) Signup and view all the answers

What information is necessary for a customer to manually enter the payment details instead of scanning the QR code?

UPI ID (B) Signup and view all the answers

Besides scanning, what other method might be available to initiate a digital payment using the information displayed?

Tapping a smartphone on the device (A) Signup and view all the answers

If a customer wants to pay using Bharat Interface for Money (BHIM), how would they use the QR code?

They can scan the QR code using the BHIM app (D) Signup and view all the answers

Assuming 'ptys' is the payment service provider, what does 'paytmqr60dprs' likely represent?

A unique identifier for the merchant (D) Signup and view all the answers

What is the primary function of the QR code shown in the image?

To enable digital payments (B) Signup and view all the answers

What is the significance of the 'BHIM UPI' logo displayed alongside the Paytm logo?

Indicates compatibility with the national payments infrastructure. (D) Signup and view all the answers

How does using a QR code for payment generally improve the transaction process for customers?

By eliminating the need to enter card details manually (B) Signup and view all the answers

If a user is trying to send money to the UPI ID shown, what might happen if they mistype any character?

The money may be sent to an unintended recipient. (D) Signup and view all the answers

What does the phrase 'Scan & Pay using any UPI App' imply about the compatibility of this QR code?

It can be used with any application that supports UPI payments. (B) Signup and view all the answers

Which aspect of digital transactions does the presence of a QR code and UPI ID primarily address?

Simplifying the payment process (C) Signup and view all the answers

How might a change in the 'paytmqr60dprs' portion of the UPI ID affect a business?

It could cause payments to fail if not updated on all platforms. (D) Signup and view all the answers

What is the most likely reason the phrase 'Accepted Here' is displayed alongside the Paytm logo?

To inform customers that Paytm is a valid method of payment. (C) Signup and view all the answers

Flashcards

Scan & Pay UPI

A service to scan and pay using any Unified Payments Interface (UPI) app.

QR Code

A QR code contains the UPI ID and other payment information needed to make digital transactions.

Unified Payments Interface (UPI)

A real-time payment system to transfer funds instantly between two bank accounts on a mobile platform.

Paytm

Paytm is a digital payment company.

Signup and view all the flashcards

BHIM UPI

A set of standards for digital payments in India.