New Delhi, August 10
Leading digital fee service Paytm on Monday launched an Android-based, pocked-sized level of sale (POS) machine that’s enabled with built-in billing software program, digicam for QR scanning and helps 4G SIM playing cards Wi-Fi and Bluetooth connectivity.
Available for an introductory month-to-month rental of Rs 499, the ‘Paytm All-in-One Portable Android Smart POS’ can settle for orders and funds on the go.
Aiming to speculate Rs 100 crore on the distribution and advertising of those units within the monetary yr 2021, Paytm mentioned it can challenge over two lakh units throughout the subsequent few months which might be more likely to generate over 20 million transactions monthly.
“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,” mentioned Renu Satti, Senior Vice President at Paytm.
According to the corporate, it’s extra highly effective and safe than the moveable Linux-based POS units at present accessible within the nation.
The POS machine comes bundled with Paytm’s ‘Scan to Order’ service.
This is the way it works.
The ergonomic machine weighs 163 grams, is 12mm thick and has a 4.5-inch contact display screen.
It comes with a strong processor, all-day battery life, and an inbuilt digicam to scan QR codes and immediately course of fee.
The machine has a number of industry-first options like Cloud-based software program for billing, funds, and buyer administration.
It works with 4G SIM playing cards, Wi-Fi and has Bluetooth connectivity to make sure funds by no means fail and stays around the clock linked with all of Paytm’s bouquet of companies.
The good POS machine is built-in with the ‘Paytm for Business’ app to generate GST compliant payments and likewise to handle all transactions and settlements, mentioned the corporate.
The Paytm for Business App has witnessed over 20 million downloads and is among the hottest service provider apps on Google Play Store and App Store.
“Our ‘Paytm for Business’ app, Khata and payout services are providing the much-needed digitisation support to businesses to improve their efficiency,” Satti mentioned. IANS