Is BharatPe copy of PhonePe?

No, BharatPe and PhonePe are different companies. They both offer digital payment services.

Which company owns BharatPe?

Investor Sequoia Capital India is the largest shareholder in BharatPe with a 19.6 per cent stake, followed by Coatue at 12.4 per cent and Ribbit Capital at 11 per cent.

Is BharatPe a 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.

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.

How is BharatPe 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.

PhonePe vs. BharatPe : Case Study | In Hindi | LawSikho IPR | Bhavpreet Singh Soni

Is Bhim and BharatPe 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 a loss?

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 an Indian company?

BharatPe is an offline acquirer of merchants, providing a QR code for UPI payments, POS machine for card acceptance, and loans to small merchants. The company was founded in 2018 and is headquartered in New Delhi, India.

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 a UPI?

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.

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.

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 has highest BharatPe share?

Investor Sequoia Capital India is the largest shareholder in BharatPe with a 19.6 per cent stake, followed by Coatue at 12.4 per cent and Ribbit Capital at 11 per cent.

Who are BharatPe investors?

The company's key investors are Sequoia Capital that has nearly 19.6 per cent stake, Coatue has 12.4 per cent stake, Ribbit Capital has 11 per cent, and Beenext 9.6 per cent stake, among others.

Who has highest share in BharatPe?

Sequoia Capital India is among the largest shareholders in BharatPe with almost 20% in the firm. Other investors include Insight Partners and Ribbit Capital – which hold around 10% each – Coatue, and others.

Who is Suhail Sameer?

NEW DELHI : Breaking his silence over allegations of pushing out embattled co-founder Ashneer Grover, BharatPe CEO Suhail Sameer said he did what was right for the company and investors, and to protect his reputation.

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.

Why is BharatPe successful?

In person-to-merchant (P2M) payments, BharatPe closed FY21 with a monthly market share of 8%. The company also has PoS machines for merchants to accept card payments. However, payments earn thin margins for the company. The company's revenues come from its merchant and consumer-lending products.

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 is profitable?

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.

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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.

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 swipe machine free?

Zero Charge

Yes! accepting payments with BharatPe is absolutely FREE! There are no setup or transaction or any other hidden charges!