Payments

Cred launches UPI 'scan and pay' service, kiosk for seamless retail transactions

April 26, 2024

Fintech company Cred has launched a Unified Payments Interface (UPI)-based scan and pay service that allows members to use any QR code for payments directly from their bank account, According to a Business Standard news report.

Cred targets large format stores such as supermarkets, fast-food restaurants, beauty salons, fashion boutiques and various lifestyle retailers. These merchants can apply for various types of devices: a portable pocket device, a kiosk or a QR code display unit. The kiosk allows walk-in customers to place orders and conduct payments on their own via UPI directly through the device.

Cred told the news outlet that the latest terminals empower merchants to provide personalized and focused rewards tailored to specific user demographics, card types and transactional patterns.