New Delhi, India, April 23, 2024 – BharatPe, India’s leading name in the fintech industry, today announced the launch of BharatPe One, India’s first all-in-one payment product that integrates POS, QR, and speaker into one device. This innovative product is designed to streamline transactions for merchants, offering versatile payment acceptance options including dynamic and static QR code, tap-and-pay and traditional card payment options, across a wide range of debit and credit cards. The company plans to launch the product in 100+ cities in the first phase. It will further scale it to 450+ cities over the course of the next 6 months.
With real-time transaction updates and instant voice payment confirmation, BharatPe One takes the payment experience at the retail outlets to the next level. It offers a smooth and hassle-free experience for both merchants and customers alike. Equipped with a high-definition touchscreen display, 4G and Wi-Fi connectivity, and powered by the latest Android operating system, BharatPe One delivers enhanced performance and security. With user-friendly interface, portable design, and comprehensive transaction dashboards, BharatPe One caters to the diverse needs of the offline merchants.
Commenting on the launch, Nalin Negi, CEO, BharatPe, said, ‘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. By combining multiple functionalities into one cost-effective device, we're providing a comprehensive solution tailored to the varied needs of small and medium businesses across diverse sectors. BharatPe is a merchant-first company and this state-of-the-art device underscores our commitment to be a preferred partner for offline merchants, delivering value and empowering their business growth.“
Added Rijish Raghavan, Chief Business Officer- PoS Solutions, BharatPe, “BharatPe One has been designed as ‘the one-stop device’ to offer a unified and seamless payment experience to our merchant partners. I am confident that this device, which is India’s first all-in-one payment device, will help merchants ensure an enhanced customer experience, in turn, ensuring customer delight. 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.”
About BharatPe Group
BharatPe (brand name of Resilient Innovations Pvt Ltd) was founded in 2018 with the objective of making financial inclusion a reality for Indian merchants. In 2018, BharatPe launched India’s first UPI interoperable QR code, the first zero MDR payment acceptance service. In 2020, post-Covid, the company also launched a card acceptance terminal – BharatPe Swipe. Currently, it has an entrenched network of over 1.3 crore merchants across 450+ cities, and is one of the leading players in UPI offline transactions, processing 370 million+ UPI transactions per month. BharatPe processes payments of annualized Transaction Processed Value of over Rs. 1.7 Lac Crores. BharatPe Money (brand name of Resilient Digi Services Private Limited), a BharatPe Group Company, has already facilitated the disbursement of loans of over Rs. 14,600 crores, in partnership with NBFCs. BharatPe’s swipe business processes payments of over Rs. 29,000 crores annually on its machines. BharatPe has raised over US$ 583 million in equity till date. The company’s list of marquee investors includes Peak XV Partners (formerly known as Sequoia Capital India), Ribbit Capital, Insight Partners, Amplo, Beenext, Coatue Management, Dragoneer Investment Group, Steadfast Capital, Steadview Capital and Tiger Global. In June 2021, the company announced the acquisition of PAYBACK India (Rebranded to Zillion in 2023), the country’s largest multi-brand loyalty program company with 120 million+ members. In October 2021, the consortium of Centrum Financial Services Limited (Centrum) and BharatPe, was issued a Small Finance Bank (SFB) license by the Reserve Bank of India (RBI). BharatPe also entered the consumer fintech segment with the launch of postpe in October 2021. Today, postpe has over 15 million downloads. In January 2023, Resilient Payments Pvt Ltd, a BharatPe Group Company, received an in-principle nod from the Reserve Bank of India (RBI) to operate as an online payment aggregator. BharatPe is also a promoter in Trillionloans, a renowned NBFC (Non- Banking Financial Company) registered with RBI. For more details, please visit- https://bharatpe.com/