Does anyone use BharatPe?

Who Can Use BharatPe? Business-owners, retailers, especially small and mid-scale retailers, and merchants can use BharatPe to accept payments and make transactions with customers using the BharatPe QR Code.

Is BharatPe better than PhonePe?

PhonePe and BharatPe are both companies that provide digital payment services where as BharatPe provides their services only for the merchants and concentrates completely on that sector but PhonePe provides for both merchants as well as individual consumers as anyone who downloads the app can use PhonePe's service.

Is BharatPe profitable?

The fintech unicorn also collected financial income of around 66 crore during the fiscal ended in March 2021. Gazing through the income statement, it appears that BharatPe's annual expenses have surged to Rs 1,804 crore, adding up to a loss of Rs 1619.22 crore during FY21.

Is BharatPe reliable?

I send many proofs but they not helped me…… This how they are not settling customer's money to merchant's account and transfering the amount in their own account . So please be careful…… Dont use bharatpe service to receive digital payments …..

Why is BharatPe famous?

Along with offering easy and interoperable QR codes for effortless UPI payments, BharatPe also extends Bharat Swipe (POS machine) for card acceptance and small business financing. Furthermore, the company also offers merchant loans of up to Rs 7 lakhs that can be availed for a duration of 3 to 12 months.

How Ashneer Grover's GENIUS STRATEGY turned Bharatpe into a $2.8 Billion company?

What is wrong with BharatPe?

BharatPe has alleged that the Grover family and their relatives “engaged in extensive misappropriation of company funds, including, but not limited to, creating fake vendors through which they siphoned money away from the company's expense account and grossly abused company expense accounts in order to enrich ...

Is BharatPe loss making?

In addition to its losses for the period, BharatPe saw a loss of Rs 1,342 crore due to a change in the fair value of Compulsorily Convertible Preference Shares (CCPS), as compared to Rs 705 crore in FY20. This takes the total losses for the year to Rs 2,961 crore.

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.

Is BharatPe 12 club Safe?

Yes, Bharatpe and 12% club is 100% secure and genuine plateform to invest money in P2P. And You will get up to 12% interest in Your Money and you can withdraw interest money in daily basis. But this is not a 100% Risk Free investment. Your money will given as a Loan for Small business.

How does 12% Club make money?

With 12% Club, available on Google Play Store and Apple App Store, consumers will have an option to invest and earn up to 12 per cent annual interest or borrow at a competitive interest rate of 12 per cent. BharatPe has partnered with the RBI-approved NBFCs to offer these services to consumers.

Is BharatPe better than Google pay?

BharatPe topples Google Pay in merchant UPI payment acceptance space. In a significant achievement, merchant payments firm BharatPe has toppled Google Pay to become #3 in UPI P2M. The company has recorded Rs 3,334 crores (US$ 479 million) in transaction value for the month of November, displacing Google Pay from the No ...

Is BharatPe a unicorn?

The new round values BharatPe at $2.85 billion, making it the 19th Indian startup to become a 'unicorn' this year, a term used to refer to privately valued startups that have a valuation of over $1 billion dollars. It also saw new participation from Dragoneer Investment Group and Steadfast Capital.

Is BharatPe similar to Paytm?

Unlike Paytm and Instamojo, BharatPe is a completely UPI-focussed fintech company. BharatPe aims to meet the requirements of small merchants, he said, “Now, while our first product was UPI acceptances, which is payments and the second product is for lending.”

Is BharatPe a copy of Paytm?

BharatPe, a merchant payments startup, has been distributing flyers and pamphlets showing Paytm with Chinese flags and PhonePe with US flags, implying it's the only 'Bharatiya' or 'Indian' company.

Is BharatPe and UPI same?

What Exactly Is BharatPe? 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.

Can I invest in BharatPe?

Interest Account is a facility provided by BharatPe in association with RBI Regulated NBFC. You can now earn 12% interest on your BharatPe settlement money by investing it in Interest Account. Please refer to the terms and conditions in Bharatpe APP for better assistance. Hello from BharatPe!

Can we trust 12% Club?

Yes its safe and trustworthy!

Is 12% Club trustworthy?

Is 12% Club App Safe? The 12% club app is a safe and secure investment platform that offers high returns with guaranteed features. You can invest a minimum of Rs 1000 and a maximum of Rs 10 Lakh and earn a high interest rate that is up to 12%.

Is Bhim and BharatPe 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 BharatPe an Indian company?

B2B Current Investment BharatPe is a uniquely 'Indian' payments company serving the offline retailers and businesses. BharatPe has simplified accepting payments from 100+ mobile apps on India's UPI network, by offering businesses a single interoperable QR sticker.

Is BharatPe a startup?

The issue has come to prominence due to the governance related matters of BharatPe, a phenomenal financial technology or fintech startup, that pushed the creation of unified QR codes for UPI based payment acceptance, and forced the QR code-based payment framework to make payment acceptance free for merchants.

Who is auditing BharatPe?

This is the reason Deloitte, the statutory auditor that has been auditing BharatPe since 2019, has been kept at an arm's distance for this exercise. However, it will continue to be the statutory auditor of the company till 2024.

Is BharatPe and PhonePe same?

Currently, PhonePe and BharatPe are fighting two lawsuits over the 'Pe' suffix. In June, PhonePe withdrew its injunction plea before the Delhi high court and proceeded with the trial against BharatPe over the use of the 'Pe' suffix in the latter's brand name.