Bharat QR Code is a common QR code made ease of payments across different wallet service. This is a standard which will support Visa, MasterCard and Rupay cards for wider acceptance. Currently, if you want to make a cashless payment at most stores, you need a credit and debit card to swipe and enter the PIN code for authentication but Bharat QR code will enable the merchants to accept digital payments without the Point of Sale (PoS) swiping machine. It will allow customers of any bank to use their smartphone app to make payment using their debit card. This will help merchants need to invest in buying the PoS machine.

As of now Bharat QR is integrated into ICICI Bank’s Pockets app and HDFC Bank’s PayZApp, with more banks expected to update their apps with support for the same. In order to test this feature I tried making payment using ICICI Bank’s Pocket app. To test the feature, I have generated a QR code using BHIM app. Next, I used Pocket’s app to scan the QR code and the payment successfully went through via UPI

Modi government has strives towards providing banking facilities to all sections of society, especially the poor and disadvantaged sections. Under this effort, the government launched the country's public-funding scheme, now mobile shops, petrol pumps and shops located on the corners of the streets, helping people reach the door is banking.

The name of the new payment system of banking is PAYMENT BANK which is away from traditional financial institutions.Under this scheme Mobile stores, fuel centers and corner stores will permit you to provide banking services.

RBI's move shows that the traditional bank PM Narendra Modi alone can not meet the objective of financial inclusion. 11 million new bank accounts were opened under Jan Dhan yojana, However, the concern is that these out of 11 million account , 8 million accounts is not having money in the accounts.

NUUP (National Unified USSD Platform) is a mobile banking service provided by NPCI (National Payment Cooperation of India) which works on the USSD technology. Customers can avail of basic mobile banking services of various Bank just by dialing the short code *99# from their mobile phone, irrespective of the telecom service provider, mobile handset capability or the need for a mobile internet plan.

USSD (Unstructured Supplementary Service Data) is a transmission protocol used by GSM cellular telephones to communicate with the Telecom Service Providers (TSP). Though similar to Short Messaging Service (SMS), USSD messages however create a real-time connection which remains open, allowing a two-way exchange of data.You need to first register yourself for the Mobile Banking Channel and ensure that your current mobile number is also updated with the Bank.

On dialing the short code *99# you will be first prompted to input the bank's IFSC code i.e. IBKL or SBIN/BKID after which an interactive menu with various banking services will be displayed on the screen. You may then select the relevant banking service from the list of options available.

Benefits of NUUP (USSD) service

           An interactive session oriented service
           Simple and easy to use
           Works on almost all GSM handsets
           GPRS connection not required
           Works even while on the move
           More secure than SMS

Services currently available

           Balance Enquiry
           Mini Statement
           Fund Transfer to Mobile Number (MMID based)
           Fund Transfer to Account Number (IFSC based)
           Know your MMID

In coming days bank account holders will be able to access their accounts, transfer funds, check balances and request cheque books by simply dialing *99# from their basic mobile phones,including the most basic GSM handsets.

While some bank have already rolled out similar services for example in SBI it is *595# but now *99# will be a universal code to access account details across all banks.  *99# connectivity is under the Unstructured Supplementary Service Data (USSD) platform where each dial-in results in a live connection with the bank's server.
This is similar to the system used in pre-paid phones to check balances. The user's numerical literacy would be enough to operate the account .Best feature that I liked is that it not based on SMS or GPRS connectivity,  so there's no charge on the user end.

ICICI bank has came with innovative idea to its customer to get their account balance using missed call from register mobile. Customer who has registered their mobile number they can avail this facility.To get the balance all they need to just give a missed call to 022-30256767 from your registered mobile and receive a SMS.

The idea seem very innovative because as of now most of bank charge premium SMS rate for SMS banking which is very much costly from Rs 3 to Rs 5 per query.With this idea ICICI bank has at least managed to reduced SMS call charge to its customer. Hope such facility will be provided by other bank. Try this and post the comment.