BHIM UPI allows for immediate money transfers between bank accounts without needing debit cards, OTPs, or other details. It was launched in 2016 and developed by the National Payments Corporation of India. Merchants can use mPOS devices connected to smartphones or tablets to accept debit/credit card or digital wallet payments via features like payment acceptance and inventory management. BharatQR is a QR code standard developed by payment companies for merchants to accept digital payments through customers scanning the QR code, providing an affordable option compared to POS terminals.

1. BHIM UPI
• BHIM Stand for Bharat Interface for Money.
• It is mobile developed by national payments corporation of
india(NCPI) Based on the Unified Payment Interface (UPI).
• It was launched by Narendra Modi,on 30 Dec 2016.
• It is developed by 28 years old Nikhil kumar.

2. Features of BHIM
• Immediate Money Transfer
• Allow to send/receive money to UPI payment addresses,non UPI based
accounts.
• Allows to check balance transactions history and change pin.
• Can be accessed on all platforms.
• Only Money transfer between account is done.
• Transactions are done without debit card,OTP number,CVV number or
grid number.

3. mPOS
An mPOS (Mobile point of sale)
is a device which is connected
to a smartphone or tablet that
enable a shop owner or
mechant to accepts payments
through debit & credit cards or
digital wallets.

4. Features of mPOS
• Acceptence of Payment
• Issuance of Invoice
• Managing inventory
• Scan bar codes
• Email marketing
• Analytics

5. BharatQR
• BharatQR is a matrix of barcodes that has
been developed by leading payment
companies of the country -
visa,Mastercard,National Payments
corporation of india and American Express
to develop a complete digital payments
infrastructure at retail merchant outlets.
• The QRCode would be printed on a placard
at outlets for customer to scan and ppay.

6. Need for BharatQR
• The main reason for this is,it is ideal for small road side
merchants who find it tough to invest in point-of-sale
terminals for card payments.For them,BharatQR is an asset-
light and cheap payment solution.
• There is no need to invest on a terminal hardware,the
merchant just need a smart phone and a QR code printed
sticker to accept digital payments.

7. POS
• A point of sale (POS) is a place
where a customer executes the
payment for goods or services
and where sales taxes may
become payable.

8. Features of POS
• Billing and order processing.
• Sales monitoring and reporting.
• Customer relationship and experience.
• Employee management.
• Loyalty programs and gift cards.

9. Payment Gateway
• A payment gateway is an e-commerce application
service provider service that authorizes payments
for e-businesses. Example: Online shopping carts
• Terms which are related to payment gateway
• E-commerce
• Web service
• Payment process