QR Solutions for Digital Payments| Kotak Mahindra Bank

QR Solutions

In today's Digital India, make the purchase experience truly exceptional with 'Scan & Pay' using QR code. It's so simple - all you need is a smart mobile phone and data connection to accept payment in a secure and smart way. Cut down on your customers' time at the payment counter and at the same time eliminate cash-handling costs for your business.

Accept digital payments without a POS/EDC terminal

Freedom from cash management costs in a safe and secure manner

Hassle-free, portable mode of accepting payments

Instant payment notification on your mobile phone

Requires minimal space

History of previous transactions available on Kotak AllPay app

Eligibility Criteria

Sole Proprietorship
Partnerships/Limited Liability Partnership
Private Limited Company
Co-operative Society/Subsidiaries and Associations/Trust/Club
Religious Organisation/Educational Institute/Government Body
Public Sector Undertakings
Insurance/Mutual Fund
Non-Government Organisation (NGO/Charitable Trust)

Value-added services:

Every business needs a set of services that form its backbone. Avail these services at special rates negotiated for Kotak Bank only:
The list below is indicative, and based on the availability of the concerned service providers:

Taxation Services
Enterprise Solutions for Business
Workplace solutions
Marketing Solutions
Digital-media solutions
Digital signatures and certificates
Travel services

For more details click here

POS/QR Installation Address Proof
Photograph of Shop/Business Premises
License Document /Copy of Shops and Establishments Act Certificate
POS Board Resolution/Partnership Authority Letter/TASC Resolution
Bank Statement of six months (for new customers)
Cancelled Cheque copy (for only Bharat QR without Current Account cases)
Latest Audited Financials (if available)
Latest available IT Returns of one year

Note: Complete KYC needs to be furnished for the opening of Current Account of new customers and for 'only Bharat QR without Current Account' cases. In case of non-availability of the above documents, please contact your bank official for a complete list of acceptable documents.