Media Release
Mangaluru, Sep 8: WisePOSGo – a POS device (Point of Sales swiping machine) that processes business payments, was today launched by Karnataka Bank in collaboration with Mswipe Technologies Pvt Ltd, for the Bbank’s merchant customers.
Launching the new product, Mahabaleshwara M S, MD and CEO said, “This is yet another product in line with our vision of becoming the ‘Digital Bank of Future’. This compact, light weight and user friendly device will be a game changer and transform the digital payment ecosystem associated with POS machines. This device is an all-in-one swiping machine loaded with advanced features like contactless payment, mobile phone, QR Code, Pay by link, Magstripe, barcode scanner, 5 – megapixel camera etc. The device will support 4G, WiFi, Bluetooth and micro – USB and can connect through Facebook, YouTube and WhatsApp also. This connected payment solutions device lets the merchants make calls as well as process payments and is designed keeping in mind the specific cost-centric needs of bank’s MSME customers. By integrating payments with business applications in one single device, small business establishments will benefit by having an agile and conducive platform to source business. The device is available at an affordable cost without any monthly rental charges. The ease of processing transactions through ‘WisePOSGo’ will help the Bank’s retail and MSME customers to augment their businesses by providing their consumers a convenient and flexible way of shopping”.
Speaking on the occasion, Ketan Patel, chief executive officer – Mswipe Technologies Pvt Ltd said, "We are happy to develop this product for Karnataka Bank’s MSME customers which will simplify their payment processes. The introduction of ‘WisePOSGo’ is yet another step in the direction of expanding the digital payment infrastructure in the country and promote a cashless economy”.
Balachandra Y V, chief operating officer, Gokuldas Pai, chief business officer and other top executives of Karnataka Bank were also present on the occasion apart from the representatives of Mswipe Technologies Pvt Ltd.