Paytm has launched its first pocket Android PoS device for contactless ordering and making payments, for SMEs. This comes at an introductory price of ₹499 per month on a rental basis and is designed like a phone. “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,” claims Paytm. The firm says its PoS machine comes bundled with Paytm’s ‘Scan to Order’ service, which is slowly said to be gaining traction in places like restaurants and takeaway joints.
This product is also expected to make its payments easier for logistic players, Kirana stores, and small shopkeepers. Weighing 163 grams, the device is 12mm thick and has a 4.5-inch touch screen. Paytm says the device has a ‘powerful’ processor, ‘all-day’ battery life and an inbuilt camera to scan QR codes and instantly process payment. There is also cloud-based software for billing, payments, and customer management. It can even work with 4G sim cards, Wi-Fi and has Bluetooth connectivity to ensure payments never fails. Paytm says it aims to issue over 2 lakh devices within the next few months. This is expected to generate over 20 million transactions per month. What’s more is that this new PoS system is integrated with the ‘Paytm for Business’ app to generate GST compliant bills and to manage all transactions & settlements
“We innovate products & services that are aligned with our mission of enabling SMEs with technology-led solutions. We are confident that this affordable pocket-sized Paytm Android POS device will enable everyone from SMEs to delivery personnel of Kirana Stores to collect payments safely. It is our endeavour to help merchants & traders to easily digitize their business operations, without any investment in technology or backend infrastructure. Our Paytm for Business app, Khata, and payout services are providing the much-needed digitization support to businesses to improve their efficiency & supporting them to join the Digital India mission,” said Renu Satti, Sr. Vice President at Paytm.