Pine Lab Launches Paper POS to Simplify Transactions

Pine Labs, a new-age merchant platform, announces the launch of Pine Labs Paper POS for its merchants. Pine Labs Paper POS comes as a solution for accepting multiple forms of Unified Payments Interface (UPI) and Bharat QR payments through a single merged static QR at the point of sale. Using Pine Labs Paper POS, merchants can accept payments across different kinds of UPI and Bharat QR payments that include Amazon Pay, Google Pay, PayZapp, PhonePe, YONO, among others.

Using Pine Labs countertop POS machines, namely Plutus and Plutus Smart - merchants now can print customer charge slip and confirm their transaction immediately. Paper POS is cheaper, easy to install and ensures safe transaction, thus, assists merchants to declutter the billing counter and eliminate long customer queues. It also provides a wide range of other benefits to the merchants such as providing complete insights on the transactions and reconciliation of all transactions. Additionally, Paper POS gives instant notification for transactions carried out on the myPlutus app.

The payments process through Paper POS is quite simpler. The customer has to scan the QR on Pine Labs Paper POS using any UPI or Bharat QR app. Post which the customer has to enter the transaction amount on his app. Later, the customer should enter UPI or Bharat QR credentials on the app to authorise the transaction. After the successful confirmation, the merchant using Pine Lab Paper POS terminals can print the charge slip for Paper POS transactions.

"We, at Pine Labs, are constantly striving to develop innovative technology solutions to cater to the requirements of our diverse merchant base and their customers. Paper POS is our latest innovation and will accelerate the growth of electronic payments acceptance in the country. It will not only be a one-stop solution for acceptance of all payments through UPI and Bharat QR, it will also save transaction cost," states Venkat Paruchuri, Chief Product Officer, Pine Labs.