“Surprise is the greatest gift which life can grant us.”
– Boris Pasternak
Getting the offline ducks together
PhonePe buys Zopper’s PoS business to strengthen its offline presence
Payments alone is not a strong enough value proposition for merchants
Zopper struggled to take its billing PoS wide as retailers still saw it as a non-essential service
For PhonePe, the visibility of the transaction from the customer to the merchant could bring great value
Payments company PhonePe, all of two years old, is stepping out of the Unified Payments Interface (UPI) app box. Having made payments easy, it is now looking to spend more time with merchants. The company, e-commerce retailer Flipkart’s payment arm, acquired Zopper Retail, a point of sale (PoS) platform, in an all-cash deal worth about $6 million, earlier this week.
Zopper’s PoS helps retailers capture the billing details of their customers, and, in turn, helps them manage inventory.
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