MasterCard and South Indian Bank join hands to promote Safe ePayments

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          ‘Merchant in a Box’ solution enables SMEs to make payments to over 3 million merchants in India and 40 million merchants globally using MasterCard business debit card.
          The Key features of ‘Merchant in a Box’ are:

Feature 01) Merchants can collect payments from their customers through Bharat QR. This payments reflects as Credits in the respective Bank Accounts

Feature 02) Through the MasterCard Business Debit Card, merchants can digitally pay for their purchases from their suppliers. These purchases reflect as Debits in the respective Bank Accounts

Feature 03) The ‘Merchant in a Box’ simultaneously takes care of the Credits and Debits in the merchants bank accounts.

Read the full MasterCard Press Release here @ Mastercard and South Indian Bank Launch ‘Merchant in a Box’ Bundled Payments Solution for Merchants  

South Indian Bank has a physical presence all over India through 857+ Branches, 56+ extension counters and also customers can access their bank accounts through Net Banking, Debit Crads, NPCI_BHIM

          South Indian Bank has the largest number of branches in Kerala followed by Tamil Nadu.

The ‘Merchant in a Box’ will enable South Indian Bank business customers to quickly scale up their Digital transactions capabilities.

The ‘Merchant in a Box’ will enable MasterCard to quickly offer its products to a large number of merchants.

Q: What is Bharat QR?

Ans: Bharat QR is P2M (Person to Merchant) Mobile payment solution.
This solution is mutually derived among NPCI, Visa and Mastercard payment networks.


Once the BQR codes are deployed on Merchant locations, user can pay the bills using BQR enabled mobile banking apps without sharing any user credentials to the merchant. It is a quick method of payment.

          So, next time look out for Bharat QR sign in your neighbourhood store.

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