In addition to accepting payments, traders will also be able to generate GST compliant bills and manage all transactions and settlements through their ' Paytm for Business ' app.
On Tuesday, leading fintech start-up Paytm launched its Android POS device for dealers across and small businesses in India. This device helps merchants accept payments via Paytm Wallet, all UPI-based applications, debit and credit cards and cash.
This device helps merchants accept payments through Paytm Wallet, all UPI-based applications, debit and credit cards as well as cash The device also features an in-built printer, a scanner and generates bills.
The new device's key features include:
Universal code support that works on all contacts and contactless payments The device comes with billing software and customized solutions for various sectors of the industry ranging from ticketing, catering to parking among others.
"We announce our all-in - one payment gateway and Business Payment solutions to SMEs today. These services will further deepen the importance of digital payments in their business and will bring the benefits of the digital economy to them," said Vijay Sekhar Sharma, founder of Paytm.
Together withInfosys co-founder Nandan Nilekani, he launched the device, adding, "If small merchants can accept digital payments across the country, that should be the future. I am pleased that Paytm is doing this. "With this launch of this new device, automated seller payments can be made, including employee salaries and customer refunds and more.
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