Fintech company BharatPe has appointed Himanshu Verma as the new Head of its POS (Point-of-Sale) business division, signaling a strategic move to enhance its offline payment solutions.
Verma, with extensive experience in payments, telecom, and consumer tech, previously held key positions at Pine Labs, Freecharge, and other prominent firms. During his tenure at Pine Labs, he spearheaded the successful launch and growth of the Soundbox (Mini) product.
In his new role at BharatPe, Verma’s mandate includes overseeing merchant acquisition, bolstering distribution channels, and amplifying offline payment services. This development aligns with BharatPe’s intensified focus on offline transactions, particularly among small-scale merchants and retail establishments.
BharatPe, established in 2018, boasts a vast network of over 1.7 crore merchants across 450 cities. The company facilitates an impressive 450 million UPI transactions monthly, amounting to approximately Rs 12,000 crore in transaction value.
The POS arm of BharatPe annually handles transactions worth over Rs 27,000 crore through a network exceeding 1.25 lakh devices. With Verma’s appointment, the company aims to fortify its offline payment infrastructure alongside its UPI-driven services.
Source: Entrackr : Latest Posts