BharatPe's POS business BharatSwipe turns profitable 2 yrs after launch

Fintech firm BharatPe announced that its POS business BharatSwipe is now profitable, two years after its launch. Currently, BharatSwipe accounts for over 20% of BharatPe's payments Transaction Processed Value (TPV) annually. BharatPe Founder Shashvat Nakrani said the company clocks nearly four million transactions on POS devices monthly and is aiming for $6 billion in annualised TPV by FY23 end.