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HDFC Bank ‘My Business QR’ Unveiled at Global Fintech Fest

13 October 20251 min read
BANKING & FINANCEHDFC Bank ‘MyBusiness QR’Unveiled at GlobalFintech Fest13 October 2025safalsetu.com

Why in the news

At the fintech festival in Mumbai, a private-sector lender unveiled a QR product meant to move small shops from offline selling into the online market.

Key facts

  • Event: Global Fintech Fest 2025 (GFF 2025), held in Mumbai, Maharashtra.
  • Product: ‘My Business QR’, described as India’s first commerce identity QR.
  • Partner: Vyaparify, working through the SmartHub Vyapar merchant app.
  • SmartHub Vyapar already reaches over 2 million merchants.

Purpose and significance

  • Helps retailers shift from offline to online and build a stronger digital presence.
  • Gives small businesses a digital identity, smoother payments and wider reach in the online marketplace.

Exam angle

  • Launched by: HDFC Bank.
  • Launch platform: Global Fintech Fest 2025.
  • Tech partner: Vyaparify, via the SmartHub Vyapar app.
  • Concept to remember: commerce identity QR.

Test yourself

1. Which bank launched 'My Business QR' at Global Fintech Fest 2025?

The notes say HDFC Bank launched My Business QR.

2. HDFC Bank's My Business QR is described as India's first what?

It is called India's first commerce identity QR solution for small businesses.

3. HDFC Bank partnered with which firm for My Business QR under the SmartHub Vyapar app?

The partner named in the notes is Vyaparify.

This topic is part of Daily Current Affairs 13 October 2025 (18 topics).

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