India-based fintech BharatPe has signed a five-year strategic partnership with Ingenico, a Worldline brand, to accelerate the adoption of point-of-sale (POS) devices in India.

Under the tie-up, Ingenico will provide 100,000 of its Axium range of Android Smart POS as well as its Payments Platform as a Service (PPaaS) solution to BharatPe’s merchant network in the next 12 months.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

These offerings are expected to help the Delhi-based fintech unicorn to cater to the evolving needs of Indian merchants.

In addition, Ingenico’s PPaaS solution will help BharatPe accelerate the rollout of its business applications to the market.

The solution is said to be a cloud-based platform comprising a range of payment and commerce services solutions designed to manage terminals with third-party applications and alternative payment methods.

It is designed to work with any payment device other than the 35 million Ingenico POS that are already deployed in 170 countries worldwide and for online commerce.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Ingenico Asia Pacific senior vice-president Nigel Lee said: “We are delighted to accompany BharatPe’s growth trajectory in India, a strategic market for Ingenico. This partnership is a huge opportunity for Ingenico, to support BharatPe and to extend the range of services it can bring to merchants.”

BharatPe co-founder Shashvat Nakrani added: “With this strategic partnership with Ingenico, we will be able to add a new dimension to our range of Fintech offerings for offline merchants.

“The new Axium POS machines coupled with PPaaS will enable us to offer world-class payment and commerce services to our merchant partners and further empower them to grow their business.”

According to Nakrani, BharatPe’s PoS business is present in more than 250 cities and the firm has rolled out over 125,000 BharatSwipe machines across offline shops.

Last year, the firm acquired multi-brand loyalty programme provider Payback India as part of a strategy to develop a network of over 20 million small merchants by 2023.