Canara Bank has launched two digital products: ‘Bharat QR’, a platform for payment settlement at merchant locations, and Bharat Bill Payment System, an integrated bill payment system for Net banking customers.

Launching the products, Rakesh Sharma, Managing Director and CEO, said the “bank is always poised for a digital revolution and has begun to offer scores of digital payment products/platforms to enhance customer convenience by reducing cash transactions.”

“The Finance Ministry’s Department of Financial Services, has been propagating that banks need to achieve 25 billion digital transactions by March 31, 2018, and has also allocated targets to all the banks,” he added.