BharatPe is a fintech company that caters to the small merchants and kirana store owners of India. The company offers a range of fintech products including interoperable QR code for UPI payments, Bharat Swipe for card acceptance, and small business financing.

What does BharatPe do?

BharatPe is truly an 'Indian' leading fintech company, a pioneer in UPI payments and digital money lending for merchants. We empower the merchants to accept payments from any UPI Payment App for 'FREE' through a single BharatPe QR Code.

Is BharatPe a government company?

Resilient Innovations Private Limited (“BharatPe”) is a private company limited engaged in the business of facilitating a suite of financial services to merchants through its digital platform, on software as a service model, and providing other value-added services to such merchants.

Who is owner of BharatPe?

Co - Founded in 2018 by CEO Ashneer Grover and COO Shashvat Nakrani, BharatPe has its head office in Delhi.

What is BharatPe investment account?

BharatPe, one of India's fastest growing FinTech companies, recently announced its foray into the consumer space with the launch of its consumer product- 12% Club. ... With 12% Club, consumers will have an option to invest and earn upto 12% annual interest or borrow at a competitive interest rate of 12%.

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Is BharatPe approved by RBI?

Reserve Bank of India (RBI) has granted licence to the Centrum Financial Services and BharatPe consortium to set up a small finance bank (SFB), four months after they had showed interest in taking over the crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC).

What is settlement in BharatPe?

In Bharat QR, there is no settlement process. Settlement time will be midnight to midnight. Merchant will get the credit on T+1 basis except bank holidays.

Who invented Bharat pay?

Notably, the youngest person on the list is 23-year-old Shashvat Nakrani. He is the entrepreneur and founder behind the payment platform BharatPe, which he founded in his third year of college.

Is BharatPe a startup?

Payment aggregator platform BharatPe became the 19th unicorn startup in India a fortnight ago after raising $370 million in its Series E round led by Tiger Global.

Does BharatPe give loan?

"Consumers on the 12% Club app can invest their savings anytime by choosing to lend money through BharatPe's partner P2P NBFCs. Additionally, consumers can avail collateral-free loans of up to ₹10 lakh on the 12% Club for a tenure of 3 months, as per their convenience," the statement said.

Is BharatPe a NBFC?

The story of how BharatPe, a three-year-old fintech startup, partnered 44-year-old NBFC Centrum Finance to acquire a banking licence and make a play for the troubled PMC Bank has more to it than meets the eye.

How Bharat PE gives 12% interest?

BharatPe's P2P offering will allow individual investors to invest and borrow at 12% interest through the '12% Club' app. For the consumer product, BharatPe has partnered with LenDenClub and is in the process of onboarding Liquiloans.

Is BharatPe swipe machine free?

Yes! accepting payments with BharatPe is absolutely FREE! There are no setup or transaction or any other hidden charges!

Is BharatPe and Bhim same?

Are Bharat QR & BHIM QR Same? BHIM QR is UPI Based QR. It is preferably used for P2P or P2M dynamic Transaction using Virtual Payment Address. Bharat QR is specifically used for P2M transaction wherein payment is done via cards i.e., Debit card/Credit Card/Pre-paid Card.

Is Bharat QR safe?

Payment with Bharat QR code is more secure because customer is not sharing any details with the merchant. There is a certain amount of risk with PoS terminals as card details can be copied using skimming technology. This risk is eliminated in case of Bharat QR as all you need to do is scan and pay.

Who is the CEO of Bharat pay?

India's umbrella entity for retail payments, the National Payments Corporation of India (NPCI), has appointed Noopur Chaturvedi as the chief executive officer (CEO) of NPCI.

Is BharatPe profitable?

It has reportedly earned Rs 6.94 crore from its financial assets during the same fiscal. The annual expenditure of BharatPe saw around an 895.3% jump, which rose to Rs 229.12 crore during FY20 from Rs 23.02 crore in FY19.

How can I become BharatPe agent?

Click on the Apply Now button and fill a simple form. Our Business team will then get in touch with you to explain the products and services, complete the registration and on boarding process.

How much monthly rental will have to be paid by the merchant in case of Bharat QR terminal?

Q 14. What monthly rental or monthly service fee will have to be paid by the merchants in case of Bharat QR terminals? A. NIL.

Is PhonePe safe to use?

PhonePe is 100% safe and secure. It is powered by Yes Bank. All payments happen over secure banking networks and the app does not store any user data or passwords. All you need to do for every transaction is enter your MPIN (which only you know).

Who are payment aggregators in India?

'Payment Aggregators' under the PA Guidelines are defined as entities that facilitate e-commerce sites and merchants to accept various payment instruments from the customers for completion of their payment obligations without the need for merchants to create a separate payment integration system of their own.

Where can I file a complaint against BharatPe?

How to file a Complaint against Bharat pe? Find the contact details of Bharat pe to connect to the right authority. We notify the appropriate authority in the company as soon as you file a complaint at Voxya. Use Voxya to connect to the right person in Bharat pe to resolve your issue quickly.

How can I complain to BharatPe?

BharatPe Customer Care UPI 24×7 Helpline Number

Get instant support or register your complaint via EMAIL/ WHATSAPP/ PHONE SUPPORT. 579/B, 2nd Floor, RT Square, Sector 6, HSR Layout Next to Bank of India, Bangalore – 560102.