30 January 2020:
Pine Labs has launched Pine Labs Paper POS for its merchants. Pine Labs Paper POS is an all-in-one solution for accepting multiple forms of Unified Payments Interface (UPI) and Bharat QR payments through a single merged static QR at the point of sale.
Merchants can use Pine Labs Paper POS to accept payments across different kinds of UPI and Bharat QR payments, including those from Amazon Pay, Google Pay, PayZapp, PhonePe, YONO, among others. Using the Pine Labs countertop POS machines – Plutus and Plutus Smart – merchants can print a customer charge slip, thus, immediately confirming the transaction.
Venkat Paruchuri, Chief Product Officer, Pine Labs, said, “We, at Pine Labs, are constantly striving to develop innovative technology solutions to cater to the requirements of our diverse merchant base and their customers. Paper POS is our latest innovation and will accelerate the growth of electronic payments acceptance in the country. It will not only be a one-stop solution for acceptance of all payments through UPI and Bharat QR, it will also save transaction cost.”
The steps for accepting payments using Paper POS are simple. To begin with, the customer scans the QR on Pine Labs Paper POS using any UPI / Bharat QR app. The customer will then enter the amount on his app. In the third step, the customer will enter UPI/ Bharat QR credentials on the app to authorise the transaction. Upon successful confirmation, the merchants with Pine Labs POS terminals can print the charge slip for Paper POS transactions.
(Source – Pine Labs)