According to Entrackr, the company joined incumbents that have already launched their POS offerings, such as Pine Labs, Mswipe, Innoviti, Jio, PhonePe, and Paytm. Moreover, BharatPe’s POS solution, called Bharat Swipe, has already been deployed at almost 1,000 merchants, enabling them to make QR code-based payments. Besides, the company has raised USD 140 million from marquee investors including Ribbit Capital, Insight Partners, Sequoia Capital, and Steadview.
The roll out comes at a time when POS businesses are facing sudden changes due to the COVID-19 crisis, as companies like Mswipe had fired a large number of employees.
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