PhonePe launches POS solution for merchant partners
PhonePe has announced the launch of a point-of-sale (POS) device that enables merchants to accept payments via debit cards, credit cards and UPI, providing them with a simple and seamless checkout experience.
The device comes pre-loaded with the PhonePe POS app and supports tap/swipe/dip transactions and interoperable QR codes.
Built on the Android platform, the POS device claims to revolutionize the checkout experience for businesses. Whether customers are at the counter, counter, drop-off location, or anywhere with cellular coverage, the device streamlines the entire process, elevating the customer experience.
Vivek Lohcheb, Head of Offline Business at PhonePe, said, “The PhonePe POS device, which is a one-stop solution, enables our merchant partners to elevate the buying experience for their customers. It features a unified and cohesive interface that supports various payment methods, providing convenience and flexibility.”
By accepting credit and debit transactions, merchants can expect an increase in average ticket volume, which ultimately leads to overall business growth. He added that with PhonePe’s vast network of more than 3.5 crore merchants nationwide, our goal is to expand this solution across India and deploy 150,000 devices by next year.
Its reliability and security are backed by PCI-PTS 6 certification, protecting merchant and consumer data. With automatic batch closing and consolidated settlement, the device becomes a one-stop solution for hassle-free account reconciliation, streamlining merchant operations. The device is offered at a nominal monthly rental and comes with world-class product quality and service from PhonePe, the company said.
The PhonePe POS device includes a touch screen, a processor for fast response times, long battery life, a built-in printer that allows for instant receipt printing, along with WiFi and 4G connectivity via sim card.