Browsing: Payments

Vivek Lohcheb, Head of Offline Business at PhonePe said, “The PhonePe POS device, a one-stop solution, empowers our merchant partners to elevate the purchasing experience for their consumers. It features a unified and cohesive interface that supports various modes of payment, providing convenience and flexibility. By accepting credit and debit transactions, merchants can expect an increase in their average ticket size, ultimately driving overall business growth. With PhonePe’s extensive network of over 3.5 crore merchants nationwide, our goal is to expand this solution pan India and deploy 150,000 devices by next year.

Ajay Adiseshan, Chairman and Managing Director, PayMate further adds, “We are expanding into Singapore and Sri Lanka to offer B2B payments and working capital solutions for businesses. The PayMate platform provides an interface to simplify the payments and collection process for our customers and their suppliers, dealers/distributors, and commercial credit cards enablement to make timely payments, manage cash flows and end-to-end reconciliation.”