Mumbai May 24, 2017: Bijlipay, an end to end digital payment solutions company, is the first Indian Point-of-Sale (PoS) devices providing company to enable Bharat QR code on the screens of its POS machines. According to RBI, the Bharat QR Code is the world’s first inter-operable payment acceptance solution.
Jubilant on being the first in the industry, Mr. Pradeep Oommen, CEO, Bijlipay, said, “We have been providing secure and robust m-PoS 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 & 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.”
Bijlipay firmly believes that it’s not just providing digital payments devices that will cultivate the habit of cashless-ness in Indians. It will take a lot more of handholding, education & awareness to see the actual conversions to digital payments in tier II-III cities. Hence, Bijlipay ensures that they provide for an end-to-end solutions involving demos, documentation, installation, training, risk profiling, reconciliation, settlement and analytics.]. It’s not the number of machines in the market that gives the true picture on digital payments, it’s the volume that each machine processes which sets the right parameter for a successful digitization of payments. .
Bijlipay is poised for tremendous growth in digital payment space, and is planning to launch several digital payment solutions in the Indian market. Apart from acquiring solutions like m-POS & GPRS POS and ‘Swipe4Cash’ mini ATM products, Bijlipay also provides a best in class issuance platform for prepaid cards/ Forex cards/ Gift cards etc.