UPI QR Code

Accept digital payments hassle-free with branded QR codes. Start accepting payments from UPI apps and wallets now.
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3 min
21 Nov. 24

What is a UPI QR Code?

Imagine a unique barcode linked to your UPI account—that is essentially a UPI QR code! It visually encodes your bank account details, allowing anyone with a UPI app to scan the code and send you money instantly. A UPI QR code is a scannable code that simplifies sending and receiving money using UPI.

Think of it as your digital business card for payments - no need to share lengthy account details or struggle with typing names!

How does the UPI QR code work?

The UPI QR code is a convenient and secure way to make payments using the Unified Payments Interface (UPI) system. Here's a step-by-step explanation of how it works:

  1. Generation of QR code: Merchants or individuals generate a UPI QR code using their UPI app. This QR code contains all the necessary payment information, such as the UPI ID, account details, and the amount (if it's a fixed amount QR code).
  2. Scanning the QR code: The payer opens their UPI app and selects the option to scan a QR code. Using the phone's camera, they scan the merchant's or recipient's QR code.
  3. Verification of details: Once the QR code is scanned, the UPI app automatically extracts the payment details embedded in the QR code. The payer can verify the recipient's name and the payment amount (if specified).
  4. Entering the amount: If the QR code does not have a pre-defined amount, the payer enters the amount they wish to transfer.
  5. Authentication: The payer then enters their UPI PIN to authenticate the transaction. This step ensures that the payment is secure and authorised by the account holder.
  6. Transaction completion: After entering the UPI PIN, the transaction is processed. The payer receives a confirmation message on their UPI app, and the recipient gets a notification of the payment received.
  7. Instant transfer: The funds are transferred instantly from the payer's bank account to the recipient's bank account, making the process quick and efficient.

What is the difference between static and dynamic QR Codes?

There are two main types of UPI QR codes:

Feature

Static QR Code

Dynamic QR Code

Amount

Predefined amount

Variable amount

Use Case

Ideal for personal payments (fixed amount)

Ideal for businesses (varying amounts)

Example

Paying rent (fixed amount every month)

Paying for groceries (amount varies with each purchase)


How to create a UPI QR Code?

The process for creating a UPI QR code depends on your chosen UPI app. Here is a general guideline:

  1. Open your UPI app.
  2. Look for the option related to QR code or ‘PAYMENTS’.
  3. You might see an option like ‘GENERATE QR CODE’ or ‘MY QR.’ Select that option.
  4. Your UPI app will display your unique QR code on your screen.

The Bajaj Finserv BBPS platform is a leading bill payment platform that simplifies the payment process by including UPI payments. Whether you're settling utility bills, insurance premiums, or educational fees, BBPS offers a secure and user-friendly interface for managing all your payments efficiently. With UPI integration, you can enjoy seamless and quick transactions, eliminating the need for multiple payment apps.

Disclaimer

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Frequently asked questions

How do I get a QR code for UPI?

You can generate your own UPI QR code within your chosen UPI app by following the steps mentioned above.

How do I create a QR payment?

This refers to the most common option - using your existing 10-digit mobile number as your UPI number.

What is the difference between UPI and QR code?

UPI is the underlying technology that facilitates digital payments, while a UPI QR code is a visual representation of your UPI information used to initiate payments.

How do I find my UPI QR code?

To find your UPI QR code, follow these steps:

  1. Open your UPI app: Launch the UPI app on your smartphone.
  2. Go to the profile or settings section: Navigate to the section where you can manage your account details.
  3. Select 'My QR Code': Look for an option labeled 'My QR Code' or something similar.
  4. View or download the QR code: You can view your QR code on the screen or download it for sharing. Some apps also allow you to print the QR code directly.

Is UPI QR code safe?

Yes, UPI QR codes are generally safe to use. Here are some reasons why:

  • Encryption: The information embedded in the QR code is encrypted, ensuring that sensitive details are protected.
  • Authentication: Every transaction requires UPI PIN authentication, adding an extra layer of security.
  • Instant Notifications: Both the payer and the recipient receive instant notifications of transactions, making it easy to detect any unauthorised activity.

Can someone take money from my QR code?

No, someone cannot take money from your QR code alone. The QR code only contains your payment information, such as your UPI ID. To complete a transaction, the payer must enter their UPI PIN, which is known only to them. However, it's important to keep your QR code secure and share it only with trusted individuals to avoid any misuse.

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