BharatPe's PoS business grows to $4 bn annualised transaction value

Fintech firm says it has ramped up the reach of this business by 25x to over 250 cities in the past 12 months

Fintech firm BharatPe said that it has ramped up the reach of its PoS (point of sale) business (BharatSwipe) by 25x to over 250 cities in the past 12 months. Since the launch of its POS business in the second half of 2020, the company has deployed more than 1.25 lakh BharatSwipe machines across offline shops. Achieving this feat in a short span of close to one-and-a-half years, BharatPe said it has done the fastest-ever scale-up on POS business in India.

BharatPe, which is now the No. 3 private PoS player in India, also said that the company has witnessed