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March 14, 2022

Cashfree Payments introduces POS solution for businesses

India-based payments and banking technology company Cashfree Payments has introduced a Point of Sale (POS) solution for businesses called softPOS.

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 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
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The solution converts Android phones into POS machines facilitating cashless transactions.

Businesses such as grocery stores, retail shops, food delivery apps, automobile industry, NBFCs engaged in door-to-door collections can use the softPOS.

It is available as an Android app and can be used to generate UPI QR codes, create payment links as well as enable card payments through NFC-based Tap and Pay.

softPOS can also maintain cash collection records.

Cashfree Payments CEO and co-founder Akash Sinha said: “softPOS is our effort to revolutionise the way businesses manage their payments. We believe that this product launch will help merchants to scale and analyse their POS operations, in turn generating greater value for their customers.

“Merchants today need effective yet economical POS tools to create a better sales environment for end-users. At Cashfree Payments, we are focused on solving problems with our innovative approach and high tech infrastructure.

“We are developing new age products by constantly studying and recognising industry bottlenecks, and firmly  believe that together we are going to make digital payments collections simple, flexible and reliable.”

Interested businesses can sign up and complete a KYC process to enable softPOS. Once complete, the businesses can start adding agents.

The agents in turn need to download the app and login to start accepting payments.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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