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‘ConQR’—World’s 1st QR on Card Programme

Published on April 24, 2021
Current Context: Mastercard and Bank of Baroda Financial Solutions (BFSL) have entered into a partnership to launch ‘ConQR’, which is the world’s first QR on Card Program.
‘ConQR’—World’s 1st QR on Card Programme
  • The ‘ConQR’ is a Mastercard QR on card solution which is launched to offer simplicity to perform digital transactions.
  • It is based on Mastercard patented technology which allows cardholders or SMEs to perform cashless payments using their cards.
  • It is having a Bharat QR Code on the card face that allows the cardholder to accept and to receive payments.
  • Static Part: 
    • HQ of Mastercard: New York, US
    • HQ of BFSL: Mumbai

Question: 

Q.1 Which of the following organisation launched ‘ConQR’, which is the world’s first QR on Card Program?
a. Bank of Baroda Financial Solutions (BFSL)
b. Visa
c. Mastercard
d. Both (a) and (b)
e. Both (a) and (c)
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