Friday, July 12, 2024
HomeCompaniesPine Labs introduces new PoS device for QR, card-based payments

Pine Labs introduces new PoS device for QR, card-based payments

Published on

Latest articles

Modern Plastics Award 2024 (Indian Second Edition) is the Ultimate and Largest Award in The Indian Plastics Industry recognised veterans and innovators

Modern Plastics Award 2024 (Indian Second Edition) is the Ultimate and Largest Award in...

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in Kotak General

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in...

Vodafone Idea shares zoom 14% today; key technical levels to watch out for

Vodafone Idea shares zoom 14% today; key technical levels to watch out for Vodafone Idea...

Nadeem Amin is the New President for Netstal Americas

Nadeem Amin is the New President for Netstal Americas Netstal appoints Nadeem Amin as its...


Digital payments provider Pine Labs has launched Mini, a cheaper variant of its point-of-sale (PoS) device, which will allow merchants to accept both quick response (QR)-based and card-based payments.

The device is near-field communication-enabled, and can accept card payments only through the tap-to-pay mode.

“QR-based and card tap payments are a perfect solve for Indian consumers on the go. On the merchant-side, an absolute must is a fast checkout experience and elimination of the cost barrier in point-of-sale digitisation. Addressing these needs, we are delighted to launch a QR-first, card accepting, cost-effective PoS solution called Pine Labs Mini,” said Navnit Nakra, CRO, Pine Labs.

Pine Labs said the Mini device is available at nearly a third of the cost of a regular PoS terminal, and is targetted at small merchants. This comes at a time when the competition in the PoS market is fierce, as companies see this as a way of revenue generation.

Soundbox

Fintech major Paytm focussing on widening the acceptance of its sound-based PoS, Soundbox. In July, Paytm launched different variants of its Soundbox, including a portable pocket version of the device for smaller merchants. Paytm, in its FY23 annual report, had said that it had deployed 68 lakh such devices from 29 lakh in FY22.

PhonePe has also launched similar merchant payment-acceptance devices, while BharatPe has also launched its payment-acceptance devices.





Source link

More like this

Modern Plastics Award 2024 (Indian Second Edition) is the Ultimate and Largest Award in The Indian Plastics Industry recognised veterans and innovators

Modern Plastics Award 2024 (Indian Second Edition) is the Ultimate and Largest Award in...

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in Kotak General

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in...

Vodafone Idea shares zoom 14% today; key technical levels to watch out for

Vodafone Idea shares zoom 14% today; key technical levels to watch out for Vodafone Idea...