Paytm launches portable Android-based POS device for Rs 499 a month

Leading digital payment service Paytm on Monday launched an Android-based, pocked-sized point of sale (POS) device that is enabled with integrated billing software, camera for QR scanning and supports 4G SIM cards Wi-Fi and Bluetooth connectivity.

Available for an introductory monthly rental of Rs 499, the ‘Paytm All-in-One Portable Android Smart POS’ can accept orders and payments on the go.

Aiming to invest Rs 100 crore on the distribution and marketing of these devices in the financial year 2021, Paytm said it will issue over two lakh devices within the next few months that are likely to generate over 20 million transactions per month.