ItzCash enables Bharat QR on its PoS terminals
ItzCash, a leading fin-tech company, has rolled out ‘Bharat QR code’ feature across its retail network. With this, users can scan and pay money with ItzCash’s ‘Point-of-Sale (PoS)’ devices by simply flashing their cell phones.
“This means that customers have multiple options to make payment through this device – debit cards, credit cards, prepaid cards, and now with Bharat QR can enjoy the ease of cashless shopping even if they leave the wallet at home,” ItzCash said.
Other existing features include cash withdrawal and select instant EMI (equated monthly installment) options to pay expenses. “Merchants owning ItzCash PoS terminal are also eligible to avail a pre-approved loan of Rs 25,000 for working capital requirements,” the company said.
“With the new technology, customers can pay the amount of sale by simply scanning the Bharat QR code displayed on ItzCash’s PoS device from their own Smartphone, followed by entering the pin on their phone to authenticate the transaction,” ItzCash said.
“With this new feature, we continue to further strengthen our Omni-channel presence and multi-form factor approach, providing customers with a choice and convenience of transacting as per their comfort,” said Ravi Singh, chief business officer, ItzCash.
“The company has partnered with MRL PoSnet, a PoS technology solution provider, which further enabled us to keep adding more new technologies like Aadhaar pay on our PoS terminals, as and when it is more mainstream,” ItzCash said.
ItzCash, which forayed into the PoS terminal business after demonetization, has deployed more than 30,000 devices since then. With the planned addition, the company expects to further enhance its PoS network and reach 1 lakh devices by the end of 2017-18.