Paytm all-in-one portable Android Smart POS is India’s first pocket Android POS device for contactless ordering & payments, as per the company. The device is available for an introductory price of Rs 499 per month rental.
The POS device is styled like a mobile phone, the Android-based device to be introduced in India and the company says that it is much more powerful than the portable Linux based POS devices presently available in the country.
The POS comes bundled with Paytm’s ‘Scan to Order’ service. Paytm is targeting the delivery personnel logistic players, Kirana stores, and small shopkeepers for the sale of the device.
The device weighs163 grams, 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. This device has 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.
This POS 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. The Paytm for Business App has witnessed over 20 million downloads and is one of the most popular merchant apps on Google Play Store and App Store.
During the ongoing pandemic, more businesses have used the service to process payments of over Rs. 1500 crores either to the Paytm wallet, food wallet, gift voucher, or bank account of millions of beneficiaries, says the Paytm statement.
