BharatPe Launches Integrated POS, QR Code, and Speaker Payment Device in India

BharatPe, a leading fintech company in India, has launched BharatPe One, an all-in-one payment device that integrates a POS system, QR code scanner, and speaker into a single compact unit. The device is designed to streamline transactions for merchants, offering versatile payment acceptance options including dynamic and static QR codes, tap-and-pay functionality, and traditional card payments across a wide range of debit and credit cards.

BharatPe One features a high-definition touchscreen display, 4G and Wi-Fi connectivity, and is powered by the latest Android operating system, delivering enhanced performance and security. The device provides a user-friendly interface, portable design, and comprehensive transaction dashboards, making it suitable for offline merchants to meet various business requirements.

Nalin Negi, CEO of BharatPe, stated, "BharatPe One is a transformational product that will reshape the digital payments landscape, improving efficiency and convenience for millions of offline merchants across the country. By combining multiple functionalities into one cost-effective device, we are providing a comprehensive solution tailored to the varied needs of small and medium businesses across diverse sectors."

BharatPe plans to roll out the device in around 100 cities initially, with an aim to expand to 450 cities within the next six months. Rijish Raghavan, Chief Business Officer of PoS Solutions at BharatPe, added, "BharatPe One is designed as 'the one-stop device' to offer a unified and seamless payment experience to our merchant partners. We have received an overwhelming response from merchants in the pilot phase."

Why this matters: BharatPe One's launch signifies a major step forward in the digital payments ecosystem in India, offering a comprehensive and integrated solution for small and medium businesses. The device's versatility and ease of use have the potential to drive financial inclusivity and empower merchants across the country.

BharatPe's launch of BharatPe One marks a significant milestone in the company's efforts to drive digital payments adoption and financial inclusivity in India. With its comprehensive functionality and tailored approach to meet the needs of small and medium businesses, BharatPe One is poised to transform the digital payments landscape and enhance the efficiency of transactions for millions of offline merchants across the country.

Key Takeaways

• BharatPe launches BharatPe One, an all-in-one payment device for merchants.
• BharatPe One integrates POS, QR scanner, and speaker into a compact unit.
• Device offers versatile payment options, high-performance, and user-friendly interface.
• BharatPe plans to roll out BharatPe One in 100 cities, expanding to 450 in 6 months.
• BharatPe One aims to drive digital payments adoption and financial inclusivity in India.