12,000 Merchants Enabled on Bharat QR through First QR Code Recognizing POS Machine in India

Source: NewsVoir | Published on 24th May 2017, 2:00 PM | NewsVoir |

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.

Bijlipay, CEO

Jubilant on being the first in the industry, Mr. Pradeep Oommen, CEO, Bijlipay, said, “We have been providing secure and robust mPoS 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 cashlessness 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.

About Bijlipay

Skilworth Technologies Pvt. Ltd. was incepted in the year 2012. The company is headquartered in Chennai, with a vision to serve small, medium and large businesses through innovative payment solutions in emerging markets. Its go-to-market brand Bijlipay, started offering m-POS solutions in India, since July 2014.

Bijlipay was founded by a team, with over 50 years of collective experience in payment processing industry across the globe. The Leadership team comprises of ex CITI / Amazon Payments / Amex / Global Payments / HSBC employees. The main focus area is to facilitate scalable payment solutions to Banks and Merchants thereby strengthening the cashless ecosystem and enabling digital inclusion.

Bijlipay has since disrupted the market, adding thousands of merchants through its holistic approach to product and service. Bijlipay’s payment solutions are enabled by the technology of Wirecard AG, Europe's leading payments company and in partnership with India's leading public sector banks. Bijlipay, unlike other players in the market, offers an end to end payment solution, right from an in house switch for best in class transaction success rates; to end to end operations in terms of onboarding, risk profiling, payout processing; and in-house customer service with a network of FOS engineers and 24/7 call center.

The company is headquartered in Chennai, with fully equipped branch offices at Mumbai, Delhi, Bangalore, Hyderabad, Kolkata and Cochin. Bijlipay is also present in Tier II & III cities in 16 states across the length & breadth of the country.

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