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Advertisement Paytm today introduced its latest Internet of Things (IoT) based payment devices, Soundbox 2.0 and Paytm Smart POS for Android phones. The company has expanded into IoT payment devices with Paytm All-in-One Android EDC devices, All-in-One Android Pocket POS, Soundbox among others. The company is on a mission to bring 5 crore merchants into the mainstream economy and equip businesses with 50 lakh IoT devices over the next few years. Paytm Soundbox has played a pivotal role in establishing digital transactions as a safe & secure mode of payments, enhancing the trust of businesses and consumers to move digitally. With this IoT-based device, merchants do not need to keep checking their mobile phones for confirmation helping in increasing efficiency and reducing queues & customer waiting time on the shop floor. Instant voice-based confirmations of payments help merchants keep track of all transactions protecting them from getting duped by customers showing fake sc ....
Financial services platform Paytm on Tuesday launched two new Internet of Things (IoT)-based payment devices, helping businesses to accept card payments on Android phones. The Paytm Smart PoS application allows smartphones to accept debit and credit card payments like an electronic data capture machine does. Supported by the Paytm for Business app, the Smart PoS will enable merchants to start accepting contactless card payments. The payment will be enabled through the near field communication (NFC). Paytm has partnered with financial services institutions, including Visa and MasterCard, for facilitating card payments for Smart PoS. Merchants need to sign up on the Paytm for Business App, after which they will be required to download the ‘Paytm Smart PoS’ on their Android-based mobile phones. Once downloaded, merchants can start collecting payments from their customers by tapping the card on the back of their smartphones. The payment is then successfully collect ....
[Product Roadmap] Starting with 50 merchants to processing $5B payments annually – the Mswipe journey A product roadmap clarifies the why, what, and how behind what a tech startup is building. This week we feature the fintech startup - Mswipe, the startup that processes $5 billion in payments annually with 1.4 million points. 0 claps In 2011 when fintech, digital payments, and wallets weren’t oft-used words, Manish Patel, the owner of alcohol franchise, Sante Wines and Beer in Mumbai, decided to start Mswipe. He had seen a big gap that most SME businesses faced - accepting card payments. “Getting a POS terminal to accept digital payments in our country was not easy back then,” recalls Manish. He had observed that most small merchants couldn’t get a terminal that could accept card payments from a smaller bank or a cooperative bank. This meant they had to work with the terms that were imposed by larger banks. ....