Pine Labs Plans To Deploy 1.5 Lakh Plutus Smart Android POS Devices By 2020-21
Pine Labs Pvt. Ltd. is confident of deploying 1.5 lakh Android-enabled point-of-sale devices by the next fiscal, the chief business officer of the fintech startup has said.
The company, which had launched Plutus Smart—its Android-based POS machines—about nine months ago, has already deployed over 50,000 of these devices.
"Merchants across large, medium and small enterprises have chosen Plutus Smart as their preferred mode of payment acceptance. Apart from just accepting multiple modes of payment, it allows merchants access to a plethora of features like bill generation, inventory management, etc.," Pine Labs' Chief Business Officer Kush Mehra told Press Trust of India.
The company plans to considerably scale up its Android POS network in 2020-21 to 1.5 lakh machines and diversify into newer industries. POS machines are used by merchants to accept payments through cards among other features, he added.
Some of its customers of Android POS include merchants across industries such as hospitality, apparel and lifestyle, entertainment and healthcare. Organisations like Cinepolis India, Flipkart, Vijay Sales, Lenskart, Air Asia India and Miniso are among its customers.
"Additionally, multiple State Traffic Police departments have signed up to empower their personnel with the latest Android-based Plutus Smart terminals. We are working on onboarding customers from newer verticals—like automobile dealers and educational institutions—as well," he said.
Plutus Smart can accept payments across multiple payment modes, including debit/credit cards, unified payments interface, mobile wallets, QR codes, loyalty cards. It also has an in-built barcode scanner and helps customers to compare EMI offers across banks on the POS.
"We have built an extensive network of banks and brands to offer EMI-led purchase option on its POS terminals. It also helps merchants gain intelligent and real-time business insights and capture customer feedback," Mehra said.