Digital payment service Paytm has launched an Android-based, pocked-sized point of sale (POS) device that is enabled with integrated billing software, camera for QR scanning and supports 4G SIM cards Wi-Fi and Bluetooth connectivity.
Available for an introductory monthly rental of Rs 499, the ‘Paytm All-in-One Portable Android Smart POS’ can accept orders and payments on the go.
“This affordable pocket-sized Android POS device will enable everyone from SMEs (small and medium enterprises) to delivery personnel of kirana stores to collect payments safely,” said Renu Satti, Senior Vice President at Paytm.
According to the company, it is more powerful and secure than the portable Linux-based POS devices currently available in the country.
The POS device comes bundled with Paytm’s ‘Scan to Order’ service and is also integrated with the ‘Paytm for Business’ app to generate GST compliant bills and manage transactions and settlements.
The ergonomic device weighs 163 grams, is 12mm thick and has a 4.5-inch touch screen. It comes with a powerful processor, all-day battery life, and an inbuilt camera to scan QR codes and instantly process payment.
The device has several industry-first features like 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.
Paytm said it will invest Rs 100 crore on distribution and marketing of the device in FY21 even as the device is offered at “the lowest price in the market” to help SMEs, restaurants, takeaway joints, kiranas, etc. with contactless ordering and payments.
The company added that it has targeted to issue more than 2 lakh devices in the coming months that will generate more than 20 million monthly transactions.
