India’s banks got schooled on digital payments. Now they want to even the score
Shreedhar, this is via BharatQR, which allows for payments with your stored cards, wallet or UPI. About your second point, yes UPI was always interoperable, still merchants ended up having multiple QR codes for various reasons. Because of interoperability, it allows banks also to come in and now say, it's just as good as the rest. Hope that helps clarify.