Paytm launches a smart PoS device to digitise small businesses

Paytm is strengthening its offers in the digital payments space with a smart PoS device, launched keeping the small business owners in mind.The device can be used for accepting payments as well as processing orders, said Paytm

Paytm aims to issue over 2 lakh devices within the next few months which will generate over 20 million transactions per month. This device is integrated with the ‘Paytm for Business’ app to generate GST compliant bills and also to manage all transactions and settlements for the merchant.

“Our Paytm for Business app, Khata and payout services are providing the much-needed digitisation support to businesses to improve their efficiency and supporting them to join the Digital India mission,” said Renu Satti, senior vice president at Paytm.

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