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An Indian payment processor, ePaisa integrated bitcoin enabling about 500 merchants in India to accept payments in bitcoin.

 

The service will be available at outlets in five cities in India with special focus on Mumbai and Delhi. The merchants will be able to convert bitcoin payments into local currency and receive them in their accounts. The ePaisa mobile Point of Sale application supports 32 languages including regional Indian languages, such as Hindi, Marathi, Gujarati and Tamil. The app works as a fully-fledged counter equivalent and accepts card payments on smartphones and tablets. The transactions can be made offline and then automatically synchronised when Internet connection is on. The ePaisa online selling service for merchants is also available. The fees start from 0.75% per transaction. 

“So far, there has been no facility enabling smaller merchants to accept bitcoins in India. Only big retailers, especially from the US are accepting bitcoins," said Siddharth Arora, ePaisa's CEO.

CoinFox reported earlier on the Indian bus ticket online portal eTravelSmart which started accepting bitcoin payments through the partnership with the leading Indian bitcoin platform Unocoin. In December 2014, the governor of India’s Reserve Bank Raghuram Rajan did not reject the idea of bitcoin being adopted by the central banks. FlipKart, one of India's major online retailers is likely to integrate bitcoin payments. In March 2015, Zebpay's bitcoin conference gathered more than 400 people in Ahmedabad.

 

Aliona Chapel