Paytm enables small businesses with Android POS device and business solutions

Paytm (owned by One97 Communications Limited) has announced the launch of All-in-One Android POS device for merchant partners across the country. This device helps merchants to accept payments through Paytm Wallet, all UPI based apps, Debit & Credit Cards and most importantly - Cash. Besides accepting payments, merchants will also be able to generate GST compliant bills and manage all transactions and settlements through their 'Paytm for Business' app at one go.

 
Paytm All-in-One Android POS is a fully-loaded payment acceptance device with many industry-first features & services. The android based device comes with a full-size display and is pre-bundled with cloud-based software for billing, payments, and customer management. The device can be used to accept payments, print bills and scan items for faster checkout at the counter. The device works on Wi-Fi and also comes with a pre-installed sim card ensuring round the clock connectivity with all of Paytm's bouquet of services.

Vijay Shekhar Sharma, Founder & CEO of Paytm said, "Over the past 18 months, we have invested a lot of time in understanding the needs of small businesses around digital payments. Today, we are launching this incredible Paytm All-in-One POS device with a super sleek android form factor with cloud services. This device offers a comprehensive business tool right on the desk of millions of small businesses. We strongly believe that offerings like these will help expand the market and drive further acceptance of digital payments, and at the same time enable our merchant partners to operate their business more efficiently."

Nandan Nilekani, Co-founder and Chairman, Infosys and founding Chairman UIDAI said, "What Paytm is doing is exactly what we envisioned which is democratizing payments. And nobody has done a better job than them. Paytm is a pioneer and I am grateful for their contribution. I think Paytm All-in-One Android POS is a very important device. We do have multiple options and this device brings all together. If small merchants across the country can accept digital payments, that's should be the future. I am glad that Paytm is doing this."

Paytm All-in-One Android POS also supports many industry-specific solutions that will help SMEs to automate their business processes and be more efficient. E.g. Its ‘Restaurant Management’ can accept orders of individual tables and directly relay them to the kitchen. The machine is equipped to generate and maintain separate bills for every table in the outlet. Similarly, it is bundled with TicketNew and Insider.in, two of the biggest ticketing and events platforms in the country. Event organizers, as well as movie halls, can directly issue tickets with the All-in-POS android machine and accept payments. Event organizers can even let go of the hassle of creating box-offices during open-air concerts and can sell tickets using this handheld device. The company aims to include support for many more industries going forward, all of which could be updated and made available automatically in the future without change of device.

Subsequently, the company has introduced 'All-in-One PG' and 'Paytm Business Solutions' that increases the overall efficiency of both accepting payments and making payments. Together, these two solutions complement the newly launched 'All-in-One POS' device that is set to revolutionize the retail industry in India.

Paytm's All-in-One PG empowers SMEs to collect digital payments across all payment methods without the need of any website or app. Merchants with an annual turnover of over Rs 50 crore stands to gain the most from this service, as they are required to comply with recent Government notification to provide the facilities for accepting payment through digital modes. SMEs can easily create and share payments links & invoices without investing time & resources to build their own platform. In addition, they have a choice of building their own web storefront using Paytm and further expand their business by acquiring new & digital-savvy customers.

Paytm Business Payments is a breakthrough in SME payments that enables both large and small businesses to track and pay all their payments from one place. Businesses can use APIs or Paytm for Business Dashboard to make bulk payments to Bank Accounts, UPI addresses, and Paytm Wallets instantly. With this, the company is aiming to simplify and digitize payments for both B2B and B2C players who make regular payments to a large number of vendors, salaries and food allowance to employees, rewards or instant refunds to their customers and even other expenses like utility bills for multiple offices.