Haryana Store – India’s first QR code enabled store.
On Thursday, Paytm founder Vijay Shekhar Sharma shared a photo of India’s first QR code-enabled store, hailing it as the “humble beginning” that sparked a digital revolution.
Paytm, the digital payments and e-wallet startup, introduced a payment system based on QR codes in 2015, intended to be used in small stores and service providers. By 2017, Paytm’s QR code-based solution was already powering more than 5 million merchants nationwide.
Merchants can use the QR code payment system to accept digital payments. Today it is used by millions across the country to pay kirana shops, tolls, food courts, hospitals and more. A year after launching its QR code-based offline payments, it already contributes around 65 percent of total transactions on its platform, the company said.
Sharma’s tweet shows the store that, in September 2015, it became the first store in India to accept payments based on QR codes.
Kumar Aditya, Senior Vice President of Paytm QR Business, posted a photo of the store on the microblogging platform. It shows a store called “Haryana Store”, which sells “cosmetics, confectionery, groceries, etc.”.
Responding to it, Sharma wrote: “Every revolution has a humble beginning.”
Every revolution has a humble beginning. ???????????? https://t.co/uA5Voia1cg
– Vijay Shekhar Sharma (@vijayshekhar) October 1, 2020
“A 1,000-mile journey begins with a single step,” commented one Twitter user.
“Happy fifth birthday! You’ve grown up so fast,” said another.
In 2017, Paytm announced that it would invest Rs 600 crore in its QR-based payment solution. It also added support for scanning third-party QR codes within the app.
Disclosure: Paytm’s parent company One97 is an investor in Gadgets 360.
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