Three imperatives to manage the cost of compliance
IT outsourcing and shared services trends Thermal Receipt Printer Paper
10 steps for an effective core banking system selection
Webinar | Unlocking the Potential of Open Banking in the Middle East
Payments Core Transformation | 10x faster, 4x cheaper
Engineering Effectiveness: Designing a powerful & customer-centric debt collection process
Industry 4.0 and the Digital Transformation of Supply Chain Finance
The ABCDE of Digital Banking
Banking for Everyone | Open Banking
BharatPe, an India-based FinTech, has launched its new Android Point of Sale (POS) terminal. Known as BharatPe Swipe Android, the device offers multiple modes for digital payment acceptance, including debit/credit cards, UPI, mobile wallets and QR codes.
The platform will allow its merchants to upgrade from the Linux-based POS to the new Android POS device. Additionally, with the machine’s launch, it plans to double its POS network count over the next 12 months.
Powered by the Android 10 operating system, the new device has a 5.5” HD touchscreen and a long-lasting battery, supports fast charging, and is compatible with 4G and Wi-Fi for better connectivity. Supported by the BharatPe merchant app, the POS solution offers a simple and intuitive interface with the convenience of instant settlements and single-point reconciliation for transactions across BharatPe QR and BharatPe Swipe.
With BharatPe Swipe Android, merchants can also accept QR payments via dynamic QR generated on the machine and generate physical receipts for the QR payments. The comprehensive merchant dashboard enables efficient management of transactions and settlements with a customizable view per the merchant’s requirement.
Also, accepting payments through the POS machine enables the company to assess the merchant’s creditworthiness and facilitate business loans through its NBFC partners.
Nalin Negi, CFO & interim CEO, BharatPe, said, “Through its robust FinTech ecosystem for offline merchants, BharatPe has brought millions of small businesses and retailers under the fold of the digital economy. The latest addition to our product suite, BharatPe Swipe Android, is a powerful yet simple-to-use device that will enable merchants to offer their customers a seamless and secure payment experience. It aims to cater to a wide range of merchants across segments, including small merchants, from a neighbourhood Kirana store to a fine dining restaurant or a supermarket chain. We are confident that with this new POS, we will be able to offer a superlative experience to our merchant partners and help them further grow their business.”
The platform plans to launch integrated inventory, billing and payment solutions that are customized for specific industry segments like restaurants and retail stores in the next phase of scale-up for its POS business.
Stay updated with the latest Financial Technology news, trending topics, and insights.
Thermal Rolls 80 X 80mm © IBS Intelligence and Cedar Management Consulting International, LLC