Sunday, June 1, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Future Group-LivQuik-Poynt form SabPe partnership

Fiinews by Fiinews
August 1, 2019
in Banking & Finance, Economy, Industry Sectors, Technology
Reading Time: 3 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Smart payment device for customers

 

Future Group
Poynt’s POS Platform.

Future Group, one of the world’s leading retail conglomerates, and its commerce payments affiliate LivQuik, have partnered with Poynt, the world’s leading open commerce platform, to mass deploy smart POS solutions across India.

The Poynt Platform, comprised of Poynt’s Smart Terminals, Poynt OS (a powerful Android-based Operating System) and Poynt Cloud (a set of cloud-enabled management tools), provides an application ecosystem that empowers merchants to grow their businesses with better inventory management, supply chain integration, and loyalty programs.

For consumers, it will provide a fast and secure checkout process using their payment method of choice, said Future Group n 31 July 2019.

Poynt and Future Group, through its payments entity LivQuik, will form a joint venture, SabPe, a full-service omnichannel payments technology platform for merchants, banks, and other acquirers in India.

Based in Mumbai, SabPe will enable acceptance of both traditional and emerging payment methods and provide access to curated business applications and support for merchants across India.

“Digital and physical interfaces are seamlessly merging and the payments infrastructure is a focal point for this seamless convergence. Poynt’s cutting edge commerce platform transforms the billing or POS terminal into a smart device that empowers businesses to lead their digital transformation and gives customers more convenience and choice,” said Kishore Biyani, Group CEO, Future Group.

“We are introducing Poynt Smart Terminals across Future Group stores and through this partnership, we will now extend its benefits to every merchant in India,” he added.

Poynt continues to experience rapid growth globally, having surpassed $9 billion USD in Gross Payments Volume (GPV) in the last 12 months, up approximately 200% YOY. The partnership with Future Group will further accelerate growth in GPV for Poynt.

“We are thrilled to partner with Future Group and LivQuik,” said Osama Bedier, CEO of Poynt.

“This joint venture furthers our mission to empower merchants with technology that delivers value well beyond payment acceptance, and consumers with the best shopping experience imaginable. This is especially exciting in India, an enormous and important market with multiple modes of payment that will help define the future of commerce worldwide,” he said.

Mohit Lalvani, CEO of LivQuik, added, “The joint venture with Poynt will help us deliver a personalized experience to customers of Future Group across all channels, online or offline. The line between in-store and e-commerce has completely blurred and we are excited to shape the future of payments in India.”

Future Group is guided by the principle of ‘Rewrite Rules, Retain Values’ in shaping the consumption space in India. It offers more than 80 brands in fashion, footwear, FMCG, food and homeware segments that are distributed through its own retail chains in over 440 cities and towns across India. The country’s most trusted retail brand, Big Bazaar, along with Central, EasyDay, Foodhall, Brand Factory, Nilgiris, Heritage, fbb, Heritage Fresh and WH Smith in India are some of the retail chains operated by the group. On any given day, almost 2 million people visit its stores and digital platforms, experience its brands and work in sourcing, manufacturing and moving products that fulfill the needs and aspirations of a new India. Find out more on futuregroup.in

LivQuik, founded in 2012 and based in Mumbai, India, is a payments technology company that provides bespoke Fintech solutions to clients worldwide. LivQuik is licensed by the Reserve Bank of India as a Prepaid Payment Issuer.

Poynt is a revolutionary open commerce platform empowering merchants with software and services to transform their business. Founded in 2013, Poynt reimagined the ubiquitous payment terminal into a connected, multi-purpose device that runs third-party apps. As smart terminals become mainstream, Poynt OS is an open operating system that can power any smart payment terminal worldwide, creating a new app economy for merchants and allowing developers to write once and distribute everywhere. Poynt is headquartered in Palo Alto, Calif., with international headquarters in Singapore, and is backed by Elavon, Google Ventures, Matrix Partners, National Australia Bank, NYCA Partners, Oak HC/FT Partners, Stanford-StartX Fund, and Webb Investment Network. fiiinews.com

Tags: Future GroupLivQuikPoynt
ShareTweetShare

Related Posts

NSE
Technology

Tech: India is IT capital of the world

by Fiinews
June 1, 2025
0
18

India has best and most capable engineers The National Stock exchange (NSE) managing director and CEO Ashish Kumar Chauhan has...

Payg Dark
Technology

Tech: PayG to create payment infrastructure

by Fiinews
May 30, 2025
0
14

Telangana company is digital ally for India’s merchants PayG, a leading homegrown payment gateway, has been granted the Payment Aggregator...

Qualtrics

Tech: Sonata-Qualtrics deliver enterprise solution

May 29, 2025
16
Wipro Ltd

Tech: Wipro says AI important in cybersecurity

May 29, 2025
22
Nylas

Tech: Coforge-Nylas to enhance CRM performance

May 29, 2025
19
Saviynt

Tech: Employers hiring certified professionals

May 29, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Trial of defence systems underway
  • Project: Satna-Datia airports inaugurated
  • Tech: India is IT capital of the world
  • Project: PM inaugurates Afcons Kanpur metro
  • Export: India-Chile start trade talks

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.