CURRENT AFFAIRS

Detailed explanation-1: -BharatPe has announced the launch of the Merchant Shareholding Program (MSP) for its merchant partners.

Detailed explanation-2: -BharatPe launched the World’s 1st Merchant Shareholding Program (MSP) for its merchant partners. It is a $100 million worth program, under which the company offers its merchant customers an opportunity to buy BharatPe’s equity shares and become a partner.

Detailed explanation-3: -BharatPe’s business model is based on providing merchants with a simple and efficient way to accept digital payments from customers. The company has developed a platform that allows merchants to accept payments through various digital channels, including BharatPe’s app, which is available on Android and iOS.

Detailed explanation-4: -BharatPe: Your All-in-One Business App Accept payments from any UPI app - PhonePe, PayTM, Google Pay, BHIM and 150+ others with your BharatPe QR. Payments get settled in your bank account.

Detailed explanation-5: -All the funds that we had raised in the past till series E were considered as liability, ” said Negi. In the previous financial year, on August 3, 2021, BharatPe fair valued the liability and booked the increase in valuation to the extent of ₹4, 782 crore into its P&L.