What is BharatPe? BharatPe Review, Features

BharatPe is an Indian QR code payment application service provider.

About BharatPe

BharatPe was co-founded by Ashneer Grover and Shashvat Nakrani in 2018 with a vision to enable financial inclusion for Indian merchants. BharatPe launched India’s first UPI interoperable QR code, the first zero-MDR payment acceptance service, and the first UPI payment-enabled merchant cash advance service. In 2020, post-Covid, BharatPe also launched India’s only zero-MDR card acceptance terminal – BharatSwipe.

The company currently serves over 5 million merchants across 35 cities, grew its business 30x in 2019 and is the leader in UPI offline transactions, processing over 50 million UPI transactions per month (over $5 billion in annualized TPV). The company's list of major investors includes Benext, Sequoia Capital, SteadView Capital, Ribbit Capital, Coatue Management LLC, Insight Partners, and Amplo. The company has facilitated payments of over Rs. 500 crore to its merchants since its launch. To date, BharatPe has raised $142.5 million.

Serve

Empowers shop owners to accept payments from any payment app for free. Merchants can sign up instantly and start receiving payments directly into their bank accounts, with the flexibility to earn up to 12% interest on these payments and even take out loans when needed. BharatPe simplifies payment acceptance by providing merchants with a single QR code to accept all payment apps like PayTm, PhonePe, Google Pay, BHIM and 150+ other UPI apps.

Features

• BharatPe Balance: Get a snapshot of your business and capital available to you with BharatPe Balance. Get a one-stop view of your daily QR collections, investment account balances and available loan limits.
• XtraIncome Card: Guaranteed 1% cash back on all purchases. Now you can even spend your investment account balance with the XtraIncome Card at over 4 million stores or online. No application or annual fees!
• Easy Loan: Get a loan of up to Rs. 700,000 for all your needs with 0% processing fee and no collateral required. Enjoy below-market interest rates, easy application process and fast disbursements!
• BILL PAYMENT: Your one-stop destination for fast and secure online recharge and bill payments. Pay your DTH, Electricity, Broadband, Piped Gas, Water, LPG Cylinder and Mobile bills on the BharatPe app.
• BharatPe = Cricket: The more you trade, the more you score! Redeem your runs and meet your favorite cricket stars and get signed cricket goodies. The rules are simple! Every trade counts!
• Bharat Swipe: Introducing India's first zero-fee card swipe machine. No transaction fees. No monthly rental. Get receipts for card and QR code transactions.
• We cater to all retailers, shopkeepers and small businesses with 5 million+ merchant trusts BharatPe.