Paytm has launched an Android POS device for contactless ordering and payments in India — targeting SMEs.
The company has introduced Paytm All-in-One Portable Android Smart POS at a price of Rs 499 per month rental.
The Android-based device is styled like a mobile phone for accepting orders and payments on the go.
It comes bundled with Paytm’s Scan to Order service that is being adopted by thousands of restaurants and takeaway joints. This device enables delivery personnel, logistic players, Kirana stores, and small shopkeepers to accept digital payments on the go.
The device weighs 163 grams, is 12mm thick, and has a 4.5-inch touch screen. It comes bundled with a powerful processor, all-day battery life, and an inbuilt camera to scan QR codes and instantly process payment.
It claims to offer many features including cloud-based software for billing, payments, and customer management.
It works with 4G SIM cards, Wi-Fi and has Bluetooth connectivity to ensure payments never fail and stays round the clock connected with all of Paytm’s. The company aims to issue over 2 lakh devices within the next few months which will generate over 20 million transactions per month.
The device is integrated with the Paytm for Business app to generate GST compliant bills and also to manage all transactions and settlements. Paytm for Business app helps merchants to avail of numerous business services and financial solutions such as loans, insurance, and Business Khata to manage digital ledger of all their transactions.
