Which is better BharatPe or 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.

Why is BharatPe better?

BharatPe also launched the Digital Gold product in 2020. This will allow the users to transact for 24-carat gold with 99.5% purity. The BharatPe app powered by efficient QR code payments helps its users to sign in immediately, and instantly start receiving the funds in their bank account.

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.

Why is BharatPe different?

It facilitates small merchants to accept payments via Unified Payments Interface (UPI) for free, through BharatPe QR codes. It also offers merchant loans of up to ₹7 lakh (US$9,200) for a duration of 3 to 12 months. The other products include and a peer to peer lending product called 12% Club.

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.

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

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.

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 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.

Who are the investors in BharatPe?

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.

How can I transfer money from BharatPe to bank account?

Is PhonePe profitable?

E-commerce firm Flipkart has done a partial spin-off of PhonePe, which will help it to access dedicated, long-term capital to fund its growth ambitions, including going public by 2023. The company's entry into financial services is going to play a key role in the firm becoming profitable and going public.

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.

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.

Why is BharatPe famous?

BharatPe is designed as a fintech company to empower small merchants and kirana shop owners. The company brings QR codes for UPI payments, Bharat Swipe, and an array of fintech products, including small business financing and more.

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).

What is the interest rate for BharatPe loan?

Its interest rate at the lowest band is 0.39 per cent per month, working out to be 4.7 per cent per annum. The loan application and disbursal is all done digitally within 30 minutes.

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!

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.

Who is Suhail Sameer?

Suhail Sameer is a well-known personality around the world. He is the chief executive officer of BharatPe.

What is BharatPe interest account?

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.

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 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.