Paytm launches First Pocket Android POS Device for Contactless Payments in India; Here is How it Works

Finance

In the wake of COVID-19 crisis, Paytm has launched the first pocket Android POS device for contactless ordering and payments in India, a move that will make this technology more affordable for SMEs. The company has introduced ‘Paytm All-in-One Portable Android Smart POS’ at an introductory price of Rs 499 per month rental.

Styled like a mobile phone for accepting orders and payments on the go, this is the first such Android-based device to be introduced in India and is much more powerful than the portable Linux based POS devices presently available in the country.

It also comes bundled with Paytm’s ‘Scan to Order’ service that is being adopted by thousands of restaurants and takeaway joints in the country. The company claims to offer the device effectively at the lowest price in the market, in an effort to empower a large number of SMEs to kickstart their businesses with contactless ordering and payment solutions. This device enables delivery personnel logistic players, Kirana stores, and small shopkeepers to accept digital payments on the go.

How it works

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 industry-first features & services 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 bouquet of services. 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 & settlements. Besides this, Paytm for Business app also 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 including udhaar, cash, and card sales. It also has a merchandise store on the app offering Paytm All-in-One QR integrated utility items such as soundbox, calculator, power bank, clock, pen stands, and radio.

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