Key Points
Razorpay POS, the offline payments arm of the fintech giant Razorpay, on Wednesday launched the Q-Zap, which can be described as a faster payment solution for retailers, designed to facilitate quicker checkouts..
Q-Zap will offer seamless integrations with about 120 billing partners, streamlining tasks such as billing, payment collection and the reconciliation of goods sold against payments received, making the process highly efficient...
> Using self-checkout kiosks or hand-held POS devices integrated with the Q-Zap solution, customers can complete their payments from anywhere within the store, eliminating the need to wait in long lines...
> Q-Zap will seamlessly integrate Razorpay POS hardware and software, supporting all payment methods, including UPI, credit cards, and debit cards, across all major networks such as Visa and Mastercard for faster checkout...
Razorpay began extending its payment offerings for the offline world with the acquisition of Ezetap (now Razorpay POS) in August 2022 and evolved into an omnichannel payment platform for online and offline businesses.. Recently, the company introduced innovative products and features, such as Instant refund within 2 mins for failed UPI transactions on Razorpay POS devices and the Dynamic QR Soundbox (DQR) India's first enterprise-ready QR device with card support at its flagship event FTX..
