Bengaluru: Bharat QR Code is the world’s first inter-operable payment acceptance solution and Bijlipay, a digital payment solutions company is now the first Indian Point-of-Sale (PoS) devices providing company to enable Bharat QR code on the screens of its POS machines.
Over 12,000 merchants have been enabled on Bharat QR through first QR code recognizing POS machine in India. The digital payments solution provider targets to make the facility available to another 50000 merchants by the year end.
According to RBI, the Bharat QR Code is the world’s first inter-operable payment acceptance solution.
“We have been providing secure and robust mPoS machines which are certified on stringent European standards to aid the honorable Prime Ministers digitization drive. The intent is to make these POS machines smarter which as yet were used only for physical card acceptance. We realized that in this transition from cash to cashless, there are various modes of payments for different people across geographies and demographics. A machine that enables various modes seems like the best solution to meet all needs. And hence as a first step, we introduced the much awaited Bharat QR code on our existing card swiping machines,” said, Pradeep Oommen, CEO, Bijlipay.
It is not just providing digital payments devices that will cultivate the habit of cashlessness in Indians. It will take a lot more of hand holding, education and awareness to see the actual conversions to digital payments in tier II-III cities. Hence, Bijlipay ensures that they provide solutions involving demos, documentation, installation, training, risk profiling, reconciliation, settlement and analytics. It is not the number of machines in the market that gives the true picture on digital payments, it is the volume that each machine processes which sets the right parameter for a successful digitization of payments, said the company in a statement.
Bijlipay is planning to launch several digital payment solutions in the Indian market. Apart from acquiring solutions like m-POS and GPRS POS and ‘Swipe4Cash’ mini ATM products, Bijlipay also provides issuance platform for prepaid cards/ Forex cards/ Gift cards etc.