Leading fintech start-up Paytm on Tuesday launched its Android POS device for merchant partners across and small businesses in India. This device helps merchants to accept payments through Paytm Wallet, all UPI-based apps, debit and credit cards, as well as cash.
Besides accepting payments, merchants will also be able to generate GST compliant bills and manage all transactions and settlements through their ‘Paytm for Business’ app.
Highlights:
- This device helps merchants to accept payments through Paytm Wallet, all UPI-based apps, debit and credit cards, as well as cash
- The device also features an in-built printer, a scanner and generates bills
The key features of the new device are:
- Universal code support that works on all contact and contactless payments
- The device comes with billing software and customized solutions for different industry sectors ranging from ticketing, catering to parking among others
- The device features an in-built printer, a scanner and generates bills
“Today, we are announcing our all-in-one payment gateway and Business Payment solutions for SMEs. These services will further deepen the importance of digital payments in their business and bring to them the advantages of the digital economy,” said Paytm founder Vijay Sekhar Sharma.
He jointly launched the device along with Infosys co-founder Nandan Nilekani, who added, “If small merchants across the country can accept digital payments, that’s should be the future. I am glad that Paytm is doing this.”
With this new device launch, automated vendor payments can be achieved, including employee salaries and customer refunds and more.
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