Bijlipay deploys Bharat QR code based transactions with 12,000 merchants

MUMBAI: In an announcement by Chennai-headquartered Skilworth Technologies, it is known that its go-to-market brand Bijlipay has found success in its Point-of-Sale (PoS) devices that enable Bharat QR code on the screens of its POS machines. According to the company, 12,000 merchants were enabled on Bharat QR through the QR code recognizing POS machine.

According to RBI, the Bharat QR Code is the world’s first inter-operable payment acceptance solution.

Commenting on this landmark event, 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 says that the company ensures that it provides an end-to-end solution 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," indicates Oommen.

Bijlipay 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 prepaid cards/ Forex cards/ Gift cards etc.