How BharatPe is different?

The BharatPe revenue model depends on providing its consumers with a digital payments platform and also has got a separate app for its merchant friends where the company credits them for their transactions digitally as mentioned above. It actually sails for providing credits to the merchants with cheaper interests.

How BharatPe is different from 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.

What are the benefits of BharatPe?

Is PayTm and BharatPe same?

For PhonePe, it's being called American in BharatPe campaigns due to its parent firm Flipkart being majority owned by US-based Walmart. Both Paytm and PhonPe are run by Indian founders Vijay Shekhar Sharma and Sameer Nigam, respectively.

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.

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

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).

Is BharatPe or BHIM same?

Bharat QR is a Mobile payment solution which is a Person to Merchant (P2M) mode where payments are done using credit or debit cards. BHIM UPI is dynamic, it can be used for Person to Person and Person to Merchant payment using virtual payment addresses.

Is BharatPe and Google Pay same?

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 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.

What is BharatPe controversy?

BharatPe co-founder Ashneer Grover has been embroiled in a controversy since an audio clip that is allegedly of him abusing an employee of Kotak Mahindra Bank was leaked online in January.

How do Bharat pay earn money?

BharatPe earns its revenue by providing macro to microloans to its business owner. A working professional or businessmen get loans very easily but small business owners face problems while applying for the loan as their CIBIL score is low.

Who is owner of Bharat pay?

BharatPe was founded in 2018 by Shashvat Nakrani, a drop-out of the Indian Institute of Technology New Delhi, one of the country's most prestigious schools. After teaming up with Bhavik Koladiya, a commercial pilot, the duo canvassed small businesses to understand problems with digital payments in India.

Does BharatPe give loan?

You can only take a loan from Bharat Pe when you have received a certain amount of payments through the QR code or UPI. The more you will receive compensation in the Bharat Pe app QR scanner, the more you can borrow from it. The processing fee for a loan from the Bharat Pe app is 0 % which makes it very convenient.

Is BharatPe copy of PhonePe?

The intellectual property (IP) division of Delhi high court has rejected the petition filed by fintech unicorn BharatPe, urging the court to cancel copyrights of arch-rival PhonePe on the 'Pe' suffix.

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 government app?

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.

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.

Who developed BharatPe app?

BharatPe is solving for ease of doing business. Payments is their first product and the plan is to be the utility app for 10 Mn+ offline retailers in India for all their business needs. Co - Founded in 2018 by CEO Ashneer Grover and COO Shashvat Nakrani, BharatPe has its head office in Delhi.

Is Bharat pay a UPI?

The company has been processing 5 crore+ UPI transactions a month with an annualized TPV of over US$ 7 bn). Today, BharatPe is a full-stack service app for merchants across small and medium businesses, offering loans, investments, insurance and other financial services.

Why is Bharat QR not popular?

BharatQR is unnecessary technology which relies on foreign card companies and not much useful. Remember once again. BharatQR is just a mobile app version of the very old card swiping machine. UPI is a 100% indigenous solution with zero transaction fees.

Is BHIM and Bharat QR 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 is NBFC?

New Delhi: The Reserve Bank of India (RBI) has issued an in-principle approval to Centrum Financial Services Limited (Centrum), NBFC arm of the Centrum Group, to establish a Small Finance Bank (SFB). Resilient Innovations Private Limited (BharatPe) will be an equal partner.