Innoviti Payments Invests Crores For Developing Tech Solutions For PoS Terminals
The Bengaluru-based digital payments company Innoviti Payments has invested Rs 20 crores for the development of new technology solutions for its point of sales (PoS) terminals business.
The company has made this move to make it easier to convert purchases into monthly instalments. It has designated funds amounting to Rs 10 crore for the promotion of this product.
The option of EMI (equated monthly instalments) is quite common these days, the company has also stepped up and launched EMI Next. This product allows the merchants, brands and lenders to design specific and flexible EMI products for consumers to fit their requirements.
“EMI has been the most popular mode of transaction for consumer durable segment, but with our new advancement we will be taking it t...