˿Ȥζ淨 Pine Labs launches Paper PoS for merchants - The Hindu BusinessLine


          Money & Banking


          Our Bureau New Delhi | Updated on January 30, 2020 Published on January 30, 2020

          Pine Labs, a merchant commerce platform, has announced the launch of 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, and YONO, among others.

          Using the Pine Labs countertop PoS machines – Plutus and Plutus Smart – merchants can print a customer chargeslip, thus, immediately confirming the transaction.

          “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,” said Venkat Paruchuri, Chief Product Officer, Pine Labs.

          Paper PoS is low-cost, easy to implement and ensures safe payment transactions. It is simple to install and helps merchants to declutter the billing counter as well as contain long customer queues. Paper PoS also offers a range of other benefits to the merchants such as detailed insights on the transactions as well as reconciliation of all transactions, including Paper PoS transactions at one place on myPlutus web (TRM) or on the myPlutus app. Merchants can also receive instant notifications for transactions on the myPlutus app. The Paper PoS sticker can also be customised with the merchant name / store name and the merchant logo on the QR sticker.

          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 has to enter the amount on his app. In the third step, the customer has to enter the UPI/ Bharat QR credentials on the app to authorise the transaction. Upon successful confirmation, the merchants with Pine Labs PoS terminals can print the chargeslip for Paper PoS transactions.

          Published on January 30, 2020

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