Skip to main content

PhonePe Launches Calculator-like Smart POS Device, Works Without Internet

PhonePe Launches Calculator-like Smart POS Device, Works Without Internet


Highlights

  • PhonePe is offering the new POS device free to merchants
  • The POS devices uses Bluetooth to establish connection with smartphones
  • The company is piloting the device in Bengaluru
PhonePe has launched its smart POS (Point of Sale) device for merchant partners in India. Sporting the looks of a traditional calculator, the device is available for free to merchants - against a security deposit. It comes with an all-new technology that supports transactions over a Bluetooth connection instead of using active data connectivity.
The new POS device by PhonePe requires a smartphone with the PhonePe app to process transactions, without requiring any third-party hardware or software. The merchant enters the transaction amount through the physical keys of the device and records the same by hitting the giant PhonePe button. Once the transaction is recorded, customers need to bring their phone close to the POS device to establish a wireless connection. This will push the transaction details to the PhonePe app that could be verified and paid using a preferred payment mode.
As the payments proceed through the native PhonePe interface, merchants can abort the transactions in the middle. Also, consumers will get an update whether the last transaction succeeded or failed on their mobile devices.



The POS device works with AA batteries that are claimed to provide power for 8-12 months. Further, since the hardware uses Bluetooth connectivity, it can enable payments through all the mobile devices that can access the PhonePe app.
"The use of Bluetooth as the underlying technology makes the protocol used for the transaction robust and widely compatible. The solution provides several layers of security to ensure merchant and customer transaction safety," said Rahul Chari, CTO of PhonePe, in a press statement.
PhonePe is set to pilot its POS device in Bengaluru followed by a country-wide rollout. The development can serve merchants of all sizes, starting from kirana stores to petrol pumps and food chain outlets among others.
"The PhonePe POS will help accelerate the pace of digital inclusion for millions of local merchants and customers in India," said Sameer Nigam, CEO PhonePe.
Founded in 2015 as an UPI-based payments system, PhonePe claims to have more than 50 million installs. Moreover, the digital payments arm of Flipkart that raised over Rs.254 crores from Singapore-based Flipkart Payments earlier this month is touted to leading the market of UPI apps with a share of 45 percent.

Comments

Popular posts from this blog

Electric Cars, Small SUVs Dominate Buzz at Frankfurt Show

Carmakers at the Frankfurt auto show are unveiling the low-emissions vehicles and technology strategies they hope will let them profit from the sweeping changes expected to hit the auto industry in the next few years. Volkswagen AG showed off a revised version of its electric ID Crozz crossover SUV concept vehicle [pictured above] as it announced a long-term electrification campaign, saying its brands would introduce 80 new electric vehicles by 2025. The company plans to invest 20 billion euros ($24 billion) in upgrading plants, creating two new electric  car  platforms and training workers. The company said that depending on market developments it could sell 3 million battery-only vehicles a year in 2025. Daimler AG's Mercedes-Benz on Tuesday unveiled a compact electric vehicle under its EQ sub-brand which showcases its efforts to make connected, electric, shared and autonomous vehicles. The EQA has two electric motors that can give it different driving chara...

Understanding Winthrills Network

Winthrills Network is an online crowdfunding platform, which gives three part earning opportunities. I will be reviewing the ways and methodology of earning with winthrills network in Nigeria. A Brief Infomation about Winthrills Network The name WIN means Web Income Nigeria ; it is a segmented platform for Mandee Thrills Company. It’s a Network Advertising platform that delivers both amazing results for its advertisers and a highly profitable revenue stream for its promoters. The company started providing online earning for its users since 2010. WINThrills centralizes the advertisers who wish to promote products or services online and the promoters who are eager to generate revenue. WINThrills Network is also an international online crowdfunding platform that connects private investors with businesses. A team of WINThrills Network professionals provides investors decision-making tools which connect investors and reliable businesses. With the rapidly growing...

International Rescue Committee (IRC) is recruiting for fulltime Environmental Health Manager.

The International Rescue Committee (IRC) responds to the world’s worst humanitarian crises and helps people to survive and rebuild their lives. Founded in 1933 at the request of Albert Einstein, the IRC offers lifesaving care and life-changing assistance to people affected by war or disaster. At work today in over 40 countries and 22 U.S. cities, we restore safety, dignity and hope to millions who are uprooted and struggling to endure. The IRC leads the way from harm to home. We are recruiting to fill the vacant position below: Job Title:  Environmental Health Manager Location: Maiduguri, Borno Application Deadline:  November 26, 2017 Job Type Fulltime Scope of Work The Environmental Health Manager is responsible for overseeing the implementation of all EH activities in Borno She/ He will provide technical and managerial leadership to the water, sanitation and hygiene promotion team in these locations and ensure all activities are of high...