Mastercard and BOB Financial launch SME-focussed credit card ‘ConQR’
BOB Financial is the credit card arm of Bank of Baroda
‘ConQR’ credit card will have a Bharat QR code on the card face
ConQR enables cardholders/SMEs to accept cashless payments
Small businesses can use the QR facility to make and receive payments
It will help banks displace cash and strengthen the cardholder relationship
It will also reduce the operational costs with fewer chargebacks
Thus, banks can achieve increased revenue from electronic payments
IThe initiative intends to bring convenience, simplicity and security to consumer transactions
