ePaisa Brings Bitcoin Payments to Merchants Across India

In 2014, Indian prime minister Narendra Modi described a vision for a “Digital India,” a place where all residents in all parts of the nation are connected, notified and part of an international economy.Other trademarks of this

new India would be a transparent federal government with strong ties to its citizens where government services could be accessed from mobile devices.EPaisa, a totally free point-of-sale app, has actually ended up being India’s first mobile point-of-sale supplier to incorporate bitcoin as a payment option, ending up being a part of this brand-new, Digital India.”To digitize India, you have to digitize the point of sale, “states ePaisa’s CEO and co-founder Siddharth Arora

. EPaisa was founded in 2012.”Bitcoin is presently ending up being increasingly more popular in India because there is no requirement to supply any payment info,” states Arora.”However, the problem of accepting it has actually ended up being a timely question for Indian merchants. “The ePaisa app comes with a credit-card sized card reader to safely accept chip-and-PIN card payments and has actually now incorporated Bitcoin, prepaid wallet and invoice payments for businesses. Merchants can

request a bitcoin payment by letting their consumers scan a QR code and receive the funds in their savings account the next day, totally free of charge. EPaisa works on any mobile phone or tablet in India.In 2013, ePaisa was awarded TechCrunch’s”A lot of Disruptive Business”and made it to the 2014 Global Red Herring Top 100 along with Asia’s Top 100 awards.The app operates in 32 languages, it is complimentary and fixings all mobile phones and tablets running on

Android and iOS. They intend on presenting Apple Pay, Android Pay and other kinds of payments for the Indian company owner.With options like contactless payments, Apple Pay and bitcoin

,”says Arora,” consumers anticipate to pay however they want. Given this trend towards cashless shopping, not able to accept these modes of payments indicates lost sales for Indian merchants. We do not desire that. We wish to empower them to perform any type of transaction and give the buyers a gratifying experience of buying. With this brand-new function, we intend to offer our merchants more ways to accept payments and stand real to our dedication of enabling commerce.”EPaisa expects that the user experience will be no different for the sellers. It works as follows: At the point of sale, when the client wishes to spend for a product with bitcoin, the ePaisa merchant taps the bitcoin icon in the ePaisa POS application. As an outcome, a QR code pops up with the due quantity, and the customer will scan that code using his or her bitcoin wallet app.Prime Minister Modi’s vision for a seamless digital economy is emerging because of business like ePaisa, which continues driving bitcoin adoption in the East. “India has actually had big success with

pre-paid wallets for online transactions,”Arora stated.” We are allowing businesses to accept these wallets even for offline in shop sales. Stroll into an ePaisa-enabled store and you can make a payment with one of the leading 10 wallets in India. We intend to power 25,000 businesses throughout all major metro cities in India by end of this year.”The post ePaisa Brings Bitcoin Payments to Merchants Throughout India appeared first on Bitcoin Magazine. Bitcoin Publication

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