A PhonePe QR code is a barcode that can only be readable by smartphones. You can generate your own QR code by following this method. QR code stands for Quick Response Code is a type of 2D bar code that is often used to receive money in many digital wallets like Paytm, Mobikwik, Google Pay, Amazon, etc. Note: No need to enter any details while sending money like Phone Number, Bank Account details.