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QR Code Collection Service

Borgaon Urban Co-Op Credit Society Ltd., Borgaon (Multi-State) has introduced a QR Code Collection Service for its members. This facility enables members to conveniently collect payments from their customers, with the collected amount being directly credited to their Saving Account maintained with the Society.

What is a QR Code?

QR Code stands for Quick Response Code. It is a machine-readable square barcode that stores information such as payment details, website links, contact information, and more. By simply scanning the QR code using a smartphone, users can instantly perform the intended action.

  • Fast and secure payment collection.
  • Easy to use with any smartphone.
  • Direct credit to member account.

How It Works

  • Scanning: Customers scan the member's QR code using their mobile banking or UPI application.
  • Payment: The customer enters the payment amount and completes the transaction.
  • Direct Credit: The amount is instantly credited to the member's saving account with the Society.
  • Confirmation: The member receives immediate transaction notifications.

Special Features

  • Instant payment collection from customers.
  • Amount directly credited to member's saving account.
  • Immediate SMS confirmation after successful payment.
  • Instant voice message alert for payment confirmation.
  • Real-time transaction tracking through the Society's mobile application.
  • Safe, secure, and cashless collection system.
  • Suitable for shopkeepers, traders, professionals, and businesses.

Benefits to Members

  • Receive payments anytime, anywhere.
  • Reduce cash handling and associated risks.
  • Instant transaction notifications.
  • Better tracking of customer payments.
  • Convenient and modern digital payment solution.
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