Karnataka Bank, the private sector lender, has launched 'WisePOSGo' a new POS device in collaboration with Mswipe Technologies for the bank's merchant customers.

"This compact, lightweight and user friendly device will be a game changer and transform the digital payment ecosystem associated with POS machines. This device is an all-in-one swiping machine loaded with advanced features like contactless payment, mobile phone, QR Code, Pay by link, Magstripe, barcode scanner, 5 - megapixel camera etc, The device will support 4G, WiFi, Bluetooth and micro - USB and can connect through Facebook, YouTube and WhatsApp also," said, Mahabaleshwara M.S, MD & CEO.

This connected payment solutions device lets the merchants make calls as well as process payments and is designed keeping in mind the specific cost-centric needs of Bank's MSME customers. By integrating payments with business applications in one single device, small business establishments will benefit by having an agile and conducive platform to source business.

The device is available at an affordable cost without any monthly rental charges.The ease of processing transactions through 'WisePOSGo' will help the Bank's retail and MSME customers to augment their businesses by providing their consumers a convenient and flexible way of shopping.

Shares of the company gained Rs 0.65, or 1.03%, to trade at  Rs 64.05.  The total volume of shares traded is 217,560 at the BSE (11.20 a.m., Thursday).