Paytm has launched the country’s first pocket Android POS device for contactless ordering and payment at an inaugural price of Rs 499 per month to empower SMEs with technology-led solutions. The mobile phone like a designed POS device is the first Android-based device to be introduced in India and tipped to be more powerful than the portable Linux based POS devices available in the country, as per Paytm.
It is bundled with Paytm’s ‘Scan to Order’ as Paytm looks to digitize businesses with contactless ordering and payment solution with an effectively lowest price in the market. The device weighs 163 grams, has a 4.5-inch screen, an in-built camera to scan QR codes.
It supports cloud-based software for billing, works with 4G SIM cards, supports Wi-Fi and Bluetooth. Paytm is looking to generate 2 lakh devices within next few months to generate over 20 million transactions per month.
The POS device is further integrated with the ‘Paytm for Business’ app to generate GST compliant bills to manage transactions and settlement.
Renu Satti, Paytm, Sr. Vice President said, “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.”