Paytm launches POS device for smaller merchants

Leading Indian fin-tech start-up company Paytm has recently launched a point-of-sale (POS) device for smaller merchants. The device would accept payments through cash, Paytm wallet, debit and credit cards and Unified Payments Interface (UPI) apps.

It is an android-based all-in-one device, which will help the smaller merchants, road-side shop-keepers in handling digital money. Good and Services Tax (GST) compliant bills can also be generated through the ‘Paytm for Business’ app. The device was launched jointly by the founder and CEO Vijay Shekhar Sharma and co-founder Nandan Nilekani.