Paytm's new device can accept credit cards, debit cards, e-wallets – and even take food orders
Paytmhas launched a point-of-sale device which will accept all kinds of payments – Paytm wallet, debit/credit cards, all UPI apps and will even offer EMI options. Vijay Shekhar Sharmabelieves that this will help expand the market and drive further acceptance of digital payments.
- In January, Paytm launched an all-in-one QR code for
Paytm launched an point-of-sale device which will accept all kinds of payments – Paytm wallet, debit/credit cards, all UPI apps and even offer EMI options.
"Over the past 18 months, we have invested a lot of time in understanding the needs of small businesses around digital payments. Today, we are launching this incredible Paytm All-in-One POS device with a super sleek android form factor with cloud services. This device offers a comprehensive business tool right on the desk of millions of small businesses,” said Vijay Shekhar Sharma, Founder & CEO of Paytm.
Nandan Nilekani, co-founder of Infosys and founding chairman UIDAI, was also present at the launch and said that, “If small merchants across the country can accept digital payments, that should be the future.”
Sharma added that he believes that this will help expand the market and drive further acceptance of digital payments.
With the Android POS device, Paytm wants to aid small and medium enterprises automation. It also comes with features like ‘restaurant management’ which can accept orders and also alert the kitchen directly. Paytm said that IRCTC is already using the POS device in trains to bill food items.
The launch of the POS device comes after Paytm launched an all-in-one QR code for merchants. Through this feature, merchants will be able to accept unlimited payments from Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account without having to pay a processing fee.
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