Paytm rolls out all-in-one payment device

Paytm, India’s leading digital payments player, unveiled new products to target businesses and ward off rising competition from Google Pay, Walmart Inc.-owned PhonePe and Amazon Pay.

Paytm introduced a stand that displays QR check-out codes that comes with a calculator and USB charger, a so-called sound box that provides voice confirmations of transactions, cloud software to streamline inventory management, and a point-of-sale device with built-in scanner and printer. The latter accepts payments through debit and credit cards as well as as Paytm and rival apps.

The new products signal a shift in strategic focus to merchants rather than person-to-person transactions.Paytm’s brand became synonymous with digital payments in India after the government banned high-value currency notes at the end of 2016, a “demonetization” exercise intended to stymie corruption. But the likes of Amazon.com Inc.