Paytm Founder Vijay Shekhar Sharma on Thursday shared a photo of India’s first QR code-enabled store on Twitter. It hailed the development as the “humble beginning” that sparked a digital revolution.
Digital Wallet provider, Paytm had introduced QR code-based payment system in 2015. It was a huge hit with the solution powering more than five million merchants across the country by 2017 itself. The QR code payment system can be used by the shopkeepers to accept digital payments.
The One97 startup had stated that within a year of launch of its QR code-based payments, it already contributes around 65 percent of overall transactions on its platform.
Mr Vijay Sharma’s tweet shows the store that, in September 2015, it became India’s first store to accept QR code-based payments. Mr Sharma wrote: “Every revolution has a humble beginning.”
A picture of the store was also shared by Aditya Kumar, Senior Vice President, which shows the shop named “Haryana Store”, selling “cosmetics, confectionery, groceries etc”.