Paytm Launches All-in-One QR & Android POS Device

By siliconindia  |  Thursday, 13 February 2020, 07:31:35 PM IST

Paytm Launches All-in-One QR & Android POS Device

Paytm has unveiled the innovative technology solution to strengthen its merchant payment offerings with the All-in-One Android POS device, All-in-One QR, Paytm for Business app and Paytm Business Khata. Paytm's Business App is a breakthrough in merchant payments that enables the small and large business to track and pay all their payments from one place. Thus, businesses could use APIs or Paytm for Business Dashboard to make huge payments to the Paytm Wallet, Bank Accounts and UPI addresses immediately. With this, Paytm is intending to simplify and digitize payments for both B2B and B2C players who make payments to numerous vendors, salaries, food allowances, rewards or instant refunds on a regular basis.

The newly launched ‘Paytm Business Khata’ is incorporated into Paytm for Business app. Paytm's Khata enables the merchants to set payment due date for credit transactions and send automated reminders and payment notifications. Further, merchants can download reports for easy verifications, track sales/business growth and also aids in collecting payments from customers through UPI or wallets with no extra charges.

Paytm has now upgraded its product with All-in-One QR, which accepts payments from Paytm wallet, RuPay cards and all other UPI-based platforms. This makes the payment process hassle-free for the merchants as well as customers. Merchants could receive unlimited payments directly into their bank accounts with no extra cost.

"Our team has put a lot of effort into understanding the merchant's requirement for digital payment acceptance at their stores. Paytm has pioneered the QR based payments in India and we are now taking the next leap by introducing bouquet of services for our merchant partners. Our ambition is to increase the digital payment acceptance and it becomes our utmost responsibility to offer seamless payment solutions that support each of the payment methods. We are a technology company and have utilized it to build an array of new products such as Paytm for Business app, Paytm Business Khata and many more. At the forefront of the Digital India mission, we have revolutionized merchant payments with All-in-One QR & All-in-One POS device that allows merchants to accept payments from Paytm wallet, all UPI apps, cards and most importantly Cash. Our technology teams invest a lot of time in understanding customer behavior to build superior and seamless products," says Sajal Bhatnagar, Vice President, Paytm.

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