Digital Technology

BharatPe has appointed Himanshu Verma as the Head of its Point-of-Sale (POS) business, signaling a renewed strategic focus on expanding its offline payments ecosystem. With over two decades of experience in digital payments, merchant acquisition, and distribution strategy, Verma is expected to drive adoption among small and medium enterprises while enhancing BharatPe’s market penetration. The move comes at a time when India’s fintech landscape is witnessing rapid growth in digital transactions beyond urban centers.

State-owned Bank of Baroda has introduced an innovative credit facility on the Unified Payments Interface (UPI), enabling members of women self-help groups (SHGs) to access instant overdrafts digitally. Linked to Prime Minister Jan Dhan Yojana accounts, the initiative allows eligible customers to avail up to Rs 5,000 without visiting a bank branch and use the credit seamlessly for merchant payments.