POS devices are very essential for any business now, especially for the small stores and shops. Now people more interested to transact digitally and keeping less cash. To keep the trend India’s leading digital payment portal Paytm has launched the first pocket Android POS device.
Paytm has launched the first pocket Android POS device
POS devices are used to receive money by swiping Debit cards and Credit cards. These POS devices are widely used in small Kirana stores, shops, malls,etc.
The device comes with a powerful processor, good all-day battery life, and an inbuilt camera to scan QR codes and instantly process payments. Paytm has also introduced many new features & services including cloud-based software for billing, payments, and customer management.
The device looks like a mobile and based on an android platform. According to it much more powerful than the portable Linux based POS devices presently available in the country. This device weighs only 163 grams, 12mm thick, and has a 4.5-inch touch screen.
If we talk about the connectivity it will work with 4G networks, Wi-Fi. The device also has Bluetooth which will ensure the connectivity round the clock.
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.
During this pandemic situation when people are using digital payment. More services process payments of over Rs.1500 crores either to the Paytm wallet, food wallet, gift voucher, or bank account of millions of beneficiaries.
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.
According to the Sr. Vice President, Renu Satti, Paytm is providing Paytm Business app, Khata, and payout services which is much needed in this digital transaction era. This helps the business, SMEs and small Kirana stores.
How much it will cost?
The company aims to issue over 2 lakh devices within the next few months which will generate over 20 million transactions per month. This device comes with a very introductory price of Rs.499 per month rental.
Paytm Payout is a must-have service that every entrepreneur and business must-have. Paytm is one of the highly trusted brands in the digital industry.
If you are a running a small stores, restaurants, Kirana stores, Gym, Book stores and running any small business and want to receive payment directly for the customers then you must these services to make your transaction easy and fast. Now the customers love to pay digitally rather paying by cash.