BharatPe launches all-in-one payment device BharatPe One

Fintech firm BharatPe has launched BharatPe One, an all-in-one payment product that integrates PoS, QR, and speaker into one device. The product is designed to streamline transactions for merchants, offering various 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 more than 100 cities in the first phase. It will further scale it to more than 450 cities over the course of the next 6 months.

With real-time transaction updates and instant voice payment confirmation, BharatPe One offers a hassle-free experience for both merchants and customers.

“...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,” said Nalin Negi, CEO of BharatPe.

BharatPe has a network of over 1.3 crore (13 million) merchants and is one of the leading players in UPI offline transactions, processing more than 370 million UPI transactions monthly. The firm further claimed that its swipe business processes payments of over Rs  29,000 crore annually on its machines.

In the PoS, QR, and sound box device segment, BharatPe fiercely competes with Paytm, PhonePe and MobiKwik.