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Wednesday, April 24, 2024

Launch of India's first integrated payment device

The device, known as BharatPe One, is made to make transactions easier for retailers by providing a variety of payment acceptance choices, such as tap-and-pay, standard card payment methods, and dynamic and static QR codes.


New Delhi: On Tuesday, the fintech startup BharatPe introduced the nation's first all-in-one payment solution, which combines a speaker, QR code reader, and point of sale (POS) into a single gadget.

The device, known as BharatPe One, is made to make transactions easier for retailers by providing a variety of payment acceptance choices, such as tap-and-pay, standard card payment methods, and dynamic and static QR codes.

The product will initially be introduced in more than 100 cities, and over the following six months, the company intends to expand its reach to over 450 cities.

"We're offering a comprehensive solution tailored to the varied needs of small and medium businesses across diverse sectors by combining multiple functionalities into one cost-effective device," BharatPe CEO Nalin Negi said in a statement.

The device, according to the business, provides a seamless and trouble-free experience for both merchants and customers.

It runs the most recent version of the Android operating system and has a high-definition touchscreen display, 4G and Wi-Fi connectivity, and other features. According to the manufacturer, it offers enhanced security and performance.

Chief Business Officer of PoS Solutions at BharatPe, Rijish Raghavan, stated, "We have received an overwhelming response from our merchants in the pilot phase and we reckon that this will be another game changer for the digital payments ecosystem, further consolidating our position as a trailblazer in the fintech industry."

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