Paytm Introduces India’s First Portable Android POS Device

Paytm with the aim to strengthen the Small and Medium Enterprises with newer technologies, has brought into market India’s first of its kind pocket Android POS device to bring contactless ordering & payment systems in the picture. The financial service platform has introduced ‘Paytm All-in-One Portable Android Smart POS’ starting with a rent of  Rs 499 per month. The device which stands similar to a mobile phone is an Android-based device that has been introduced in India and has much more capacity than the portable Linux based POS devices which is now  currently in use. 

The device is also enabled with Paytm’s ‘Scan to Order’ service which is gaining its place in the Indian market and is used by thousands of restaurants and other takeaway outlets. This high-end POS device is cost-effective from the house of Paytm and it can be said as a move from Paytm to equip a large number of SME’s with zero contact ordering and payment services. This device goes well with delivery personnel logistic players, Kirana stores, and small shopkeepers who can easily accept any Digital payment done to them. 

The device is loaded with world-class features and weighs only 163 Gms, with 12 mm thickness and 4.5-inch touch screen it stands well to catch any customer’s attention. It has a powerful processor, all-day battery life, and an inbuilt camera to scan QR codes and instantly process payment, not only did Paytm stop at this, it made sure that the device has many industry-first features as well as services including cloud-based software for billing, payments, and customer management. The device operates with the help of 4 Sim cards, Wi-Fi, and Bluetooth connectivity which ensures non-stop payment services and good connectivity with the list of other Paytm services. The company is planning to bring into market 2 lakh devices in the next few months which will contribute towards generating over 20 million transactions each month.

The device also brings with itself ‘Paytm for Business’ app which enables the user to generate GST compliant bills and also efficient management of transactions and settlements. The app will work towards helping merchants in terms of various business services as well as bringing out financial solutions for loans, insurance, and Business Khata which will eventually help to manage digital ledger for all their transactions like udhaar, cash, and card sales. There is also a merchandise store on the app which offers Paytm All-in-One QR integrated utility items such as soundbox, calculator, power bank, clock, pen stands, and radio. The App was downloaded for over 20 million times and has been one of the most popular merchant apps on Google Play Store as well as on the  App Store.

Renu Satti, Sr. Vice President at Paytm 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 deliver personnel of Kirana Stores to collect payments safely. It is our endeavor 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.”

Paytm Payout which has been Launched this year is fast gaining its popularity and is on its way to becoming the most used app for every business need, the app makes sure that payments are regular for the employees as well as the vendors, and business partners. 

The pandemic situation has made a large number of businesses to avail the service and process payments of over Rs. 1500 crores either through the Paytm wallet, food wallet, gift voucher, or bank account of millions of customers.