People · Financial Services

BharatPe appoints Himanshu Verma as Head of POS business to expand offline payments

By Startup Enthusiast · 19 March 2026

Date: 19 March 2026
Company: BharatPe
What it does: UPI payments and business loans platform
Kind: People
Founded: 2018
Sector: Financial Services

What they do

BharatPe is a UPI payments and business loans platform serving over 1.7 crore merchants across 450 cities in India

What happened

The company has appointed Himanshu Verma, a veteran with 20 years of experience in payments, telecom, and consumer technology, as Head of its Point of Sale…

Why it matters

BharatPe's POS business processes over Rs 27,000 crore annually through 1.25 lakh devices, highlighting its significant presence in the offline payment space

The details

BharatPe, a leading UPI payments and business loans platform in India, has appointed Himanshu Verma as the Head of its Point of Sale (POS) business.
Verma brings over 20 years of experience in the payments, telecom, and consumer technology sectors, with notable roles at Pine Labs, Freecharge, Bharti Airtel, Samsung India, and Vodafone.
In his new role, Verma is tasked with accelerating merchant acquisition, expanding the distribution network, and scaling integrated offline payment solutions for retail businesses.
The appointment comes as BharatPe aims to strengthen its offline infrastructure and bridge the gap between digital UPI offerings and physical storefronts.
BharatPe's POS business already processes over Rs 27,000 crore annually through 1.25 lakh devices, highlighting its significant presence in the offline payment space.

The bigger picture

BharatPe's POS business is a critical component of its strategy to expand beyond QR code-based UPI transactions and capture a larger share of the offline payment market.
The company has built a massive ecosystem serving over 1.7 crore merchants across 450 cities in India, emphasizing its strong market position.
By appointing a veteran with deep expertise in hardware-led fintech solutions, BharatPe aims to enhance its offline payment infrastructure and support traditional retail hubs.

About the business

BharatPe is a UPI payments and business loans platform that provides a range of financial services to merchants and consumers in India.
The company offers products such as BharatPe QR, BharatPe One, BharatPe Swipe, and BharatPe Speaker, enabling merchants to accept payments easily and efficiently.
BharatPe also provides business loans, personal loans, and credit card bill payment services to support the financial needs of its users.
The company has a significant presence across 450 cities in India, serving over 1.7 crore merchants.
BharatPe's POS business processes over Rs 27,000 crore annually through 1.25 lakh devices, highlighting its strong position in the offline payment space.

What happens next

BharatPe aims to expand its offline payments footprint and deepen merchant adoption across India through the leadership of Himanshu Verma.
The company is focused on scaling integrated offline payment solutions for retail businesses and enhancing its offline infrastructure.
BharatPe is also working on improving its distribution network and accelerating merchant acquisition strategies.

The deal

Type: other

Founders

Rahul Chari, Co-founder and CEO
Nitin Chandel, Co-founder and CTO

About BharatPe

Product: Merchant-focused payments and financial services platform, including payment aggregation and lending-related products.
Customers: Merchants and small businesses that use its payments and financial services tools.
How it makes money: Earns from financial services and merchant transaction-linked offerings, including payments infrastructure and lending-related services.
What sets it apart: Strong merchant distribution and a broad payments stack built for small businesses.
Operations: Operates through a merchant network and also has a stake in Unity Small Finance Bank.

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