Financial service provider BharatPe, on Tuesday, launched BharatPe One, an all-in-one payment product that integrates point of sale (POS), quick response (QR), and speaker into one device.
The fintech company said this product is designed to help retailers simplify transactions by providing payment acceptance options including active and stagnant QR codes, tap-and-pay, and standard card payment alternatives across a wide range of debit and credit cards.
In the initial phase, the product will be introduced by the company in over 100 cities, said the digital payments company and added, it will expand to over 450 cities during the next six months.
In 2023, financial services provider initially launched an Android POS terminal called BharatPe Swipe Android, which accepts several digital payment methods including debit/credit cards, UPI, mobile wallets, and QR codes.
“With BharatPe One, we bring another disruptive product that will transform the digital payments landscape, enhancing efficiency and convenience for millions of offline merchants across the country,” said Nalin Negi, Chief Executive of BharatPe.
“BharatPe One has been designed as ‘the one-stop device’ to offer a unified and seamless payment experience to our merchant partners,” said Rijish Raghavan, Business Chief of PoS Solutions at BharatPe.
Recently, Razorpay launched the Unified Payments Interface (UPI) Switch, in partnership with Airtel Payments Bank to handle up to 10,000 transactions per second (TPS) at any given time.
In mid-April, fintech company elevated Nalin Negi as Executive Chief of the company, succeeding Suhail Sameer, who stepped down from his role in January 2023.
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