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ItzCash facilitates QR code feature in PoS devices

Payments system company ItzCash said it is rolling out ‘Bharat QR code’ feature across its retail network. Consumers can now scan and pay money with ItzCash’s PoS devices by simply flashing the mobile phones. ItzCash is also offering other features including cash withdrawal and select instant EMI options to customers. Merchants owning ItzCash PoS terminal are also eligible to avail a pre-approved loan of Rs. 25,000 for working capital requirements. A statement issued by the company said with the new technology, customers can pay the amount of sale by simply scanning the Bharat QR code displayed on ItzCash’s PoS device from their own smartphone, followed by entering the PIN on their phone to authenticate the transaction. This new added technology will also support small businesses/merchants to get new customers on board, offering them a wider choice of secured payment options. ItzCash has some 75,000 outlets in 3,000 cities and towns across India. It has also deployed more than 30,000 PoS devices and now intends to have a 1-lakh network by the end of 2017-18.

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