Apart from Reliance Jio, the competition is coming from domestic players like Mswipe<\/a> and Innoviti Payments, which means incumbents like Worldline are looking to offer enhanced features to their merchant base.
“The new devices will be a bit more expensive but will offer a large number of services to merchants and we are hoping to roll them out by June-end,” said Deepak Chandnani, chief executive officer, South Asia and Middle East, Worldline.
An Android Point of Sale device allows merchants to download wholesale merchant apps and enables easy credit solutions for consumers. Further Worldline will add value-added services on the top of basic payments which it said will help it enhance profitability.
Smartphone-based payment entities like Paytm<\/a> have a smart PoS in the market while Mswipe has an Android terminal — Wise PoS Plus.
Worldline is also keeping options open for acquisitions so that they can access the latest technology in this space.
Chandnani added that with its largest shareholder Atos reducing around 23.4% stake in the company, it is an option for Worldline to raise funds independently.
Worldline will continue offering its current card machines in partnership with banks. It already has more than a million terminals installed in the country. “Our concentration on India keeps growing because of the revenues we generate here. Now we are entering newer geographies like Bhutan, Sri-Lanka and exporting products from India to Europe as well,” he said.
In the March quarter of the current year, Worldline reported a total revenue of almost £560 million, a 6.2% jump from last year.
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