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Innoviti launches Saadhan POS for instant UPI and RuPay acceptance

InnovitiBengaluru-based payment solutions provider Innoviti has launched Saadhan POS which is specifically designed to provide B2B businesses with a solution to become compliant with the recently announced regulatory requirements in India that mandate compulsory provision of UPI and RuPay acceptance modes at all businesses with an annual turnover exceeding INR 500 million.

The solution comes pre-enabled to accept RuPay Debit Cards as well as UPI-QR transactions which will have zero charges. Moreover, the POS will accept Visa and Master issued credit and debit cards.

Amrita Malik, Chief Business Officer, Innoviti stated, “Consistent innovation to meet rapidly evolving business needs of our merchant partners is at the very core of Innoviti’s DNA. The recent regulatory changes making UPI and Rupay Debit acceptance mandatory for specified businesses has created a need amongst our partners for a simple one-stop solution that can be enabled quickly to meet regulatory deadlines. The new Saadhan POS is carefully designed to meet those expectations and we are delighted with the response it is getting from our retailer partners.”

The Saadhan POS solution comes pre-packaged with all necessary back-end transaction acquiring arrangements with acquiring banks, thereby enabling the POS to be activated for merchants within 15 minutes, as opposed to the existing industry norm of nearly 1-2 weeks.

Innoviti processes over $6.5 billion of payments annually across India, from more than 1,000 cities. The company’s payment solutions help merchants, banks and brands influence commercial transactions transpiring in offline commerce more efficiently than unconventional use of payment terminals.

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