Airtel Payment Bank allows merchants to use smartphone as ePOS

Airtel Payments Bank on Tuesday has upgraded its app to further simplify its merchant partners with a range of digital benefits that make the payments journey more simplified, including allowing them to convert their smartphone into a ‘Smart ePOS’ device to accept digital payments and also make ‘On-Demand Settlement’.

Smart e-POS (Point of Sale) enables merchants to use their smartphones as a POS machine to accept digital payments and not worry about handling cash.

Merchants simply need to select the Smart ePOS option in the app, and a QR code will appear on the mobile screen for the payments to be made, the company said.

The amount will get credited immediately to the merchant bank account linked to the app. This eliminates the need to have a physical QR code or the need to carry an additional device to receive payments for home deliveries. Also, merchants can accept payments with

Read More

Airtel Payments Bank allows merchants to convert Smartphone into PoS to accept digital payments



a hand holding a cellphone


© Provided by Zee Business


Airtel Payments Bank has upgraded its app to further empower its merchant partners with a range of digital benefits that make the payments journey more simplified. For merchants, the Airtel Payments Bank app now comes with two new features “Smart ePOS” and “On-Demand Settlement”.

Speaking on the initiative, Ganesh Ananthanarayanan, Chief Operating Officer at Airtel Payments Bank said, “Merchant partners play a crucial role in driving digital payments on the ground and empowering them with easy to use payment solutions is of utmost importance to us. The new solutions allow merchants to receive and settle payments through a seamless and secure digital process. This is one more step towards our aim of building a cashless economy.”

Smart e-POS (Point of Sale) enables merchants to use their smartphones as a POS machine to accept digital payments and not worry about handling cash. Merchants simply need to

Read More

Two North American hospitality merchants hacked in May and June

point-of-sale.jpg

(Image: file photo)

special feature


Securing Your Mobile Enterprise

Mobile devices continue their march toward becoming powerful productivity machines. But they are also major security risks if they aren’t managed properly. We look at the latest wisdom and best practices for securing the mobile workforce.

Read More

In a security alert published on Thursday, US payments processor Visa revealed that two North American hospitality merchants were hacked and had their system infected with point-of-sale (POS) malware earlier this year.

POS malware is designed to infect Windows systems, seek POS applications, and then search and monitor the computer’s memory for payment card details that are being processed inside the POS payments apps.

“In May and June 2020, respectively, Visa Payment Fraud Disruption (PFD) analyzed malware samples recovered from the independent compromises of two North American merchants,” Visa said.

The US payments processor didn’t name either of the two victims due to

Read More

Indonesian fintech startup BukuWarung gets new funding to add financial services for small merchants

A month after completing Y Combinator’s accelerator program, BukuWarung, an financial tech startup that serves small businesses in Indonesia, announced it has raised new funding from a roster of high-profile investors, including partners of DST Global, Soma Capital and 20VC.

The amount of the funding was undisclosed, but a source told TechCrunch that it was between $10 million to $15 million. The new capital will be used to hire for BukuWarung’s technology team. TechCrunch first profiled BukuWarung in July.

Angel investors in the round include several high-profile founders and executives: finance technology platform Plaid’s co-founder William Hockey; Tinder co-founder Justin Mateen; Superhuman founder Rahul Vohra; Adobe chief product officer Scott Belsky; Clearbit chairman and startup advisor Josh Buckley; former Uber chief product officer Manik Gupta; Spotify’s former head of new markets in Asia Sriram Krishnan; 20VC founder Harry Stebbings; Nancy Xiao, an investor with Bond Capital; and Fast co-founder Allison

Read More