Karnataka Bank launches 'WisePOSGo' a new POS device in collaboration with Mswipe Technologies Pvt Ltd

WisePOSGo - a POS device (Point of Sales swiping machine) (Phone + PoS machine) that processes business payments, was today launched by Karnataka Bank in collaboration with Mswipe Technologies Pvt Ltd., for the Bank's merchant customers.

Launching the new product, Shri Mahabaleshwara M.S, MD & 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, Shri 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".

Shri Balachandra Y V, Chief Operating Officer, Shri 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.

Shares of Karnataka Bank Ltd. was last trading in BSE at Rs. 63.5 as compared to the previous close of Rs. 62.75. The total number of shares traded during the day was 425155 in over 2751 trades.

The stock hit an intraday high of Rs. 64.6 and intraday low of 61.55. The net turnover during the day was Rs. 27030500.

Source : Equity Bulls

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