Module: General Practice
Q2: Under the cross-border payment linkage with RBI, Indian travelers can make merchant payments in Cambodia by scanning the national QR code standard of the country. What is the name of this payment standard?
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Correct Answer: D
The correct answer is KHQR.
Indian travelers visiting Cambodia can use their Unified Payments Interface apps to scan KHQR codes at over 4.5 million shops.
KHQR is the official national QR code system of Cambodia.
This first step only allows Indians to pay shops in Cambodia so they do not have to carry cash or cards.
In the second step, the plan will work the other way, allowing travelers from Cambodia to scan codes and pay shops inside India.
Indian travelers visiting Cambodia can use their Unified Payments Interface apps to scan KHQR codes at over 4.5 million shops.
KHQR is the official national QR code system of Cambodia.
This first step only allows Indians to pay shops in Cambodia so they do not have to carry cash or cards.
In the second step, the plan will work the other way, allowing travelers from Cambodia to scan codes and pay shops inside India.
π§ Real-World Scenario:
Imagine an Indian Food Blogger goes to a small street food stall in Phnom Penh. Suddenly, they see a barcode sticker instead of a credit card machine.
According to the rules, they can open their Indian UPI app and scan that specific KHQR sticker. This means Cambodia has one standard QR code for everything, making it universally scannable for tourists.