BharatPe eyes USD 6 billion in annualised transaction processed value from POS biz

New Delhi: Fintech firm BharatPe on Thursday said it is planning to scale up its POS business by three times and has set a target of USD 6 billion (about Rs 44,719 crore) in annualised transaction processed value (TPV) by the end of 2021-22. BharatPe, which is the third largest player in private point of sale (POS) category, is also working on ramping up its reach by five times and sell ‘BharatSwipe’ in 80 cities across India by the end of the ongoing fiscal year, a statement said.

Besides, it is planning to expand brand partnerships significantly, and offer consumer credit to drive further value on the POS business, it added.

BharatPe had launched BharatSwipe, its card payment acceptance machine in the second half of 2020.