Business

Paytm unveils new IoT-based smart POS

India’s homegrown digital financial services platform Paytm on Tuesday introduced a ‘Smart POS’ (point-of-sale) application for Android phones as well as its latest Internet of Things (IoT)-based payment device, Soundbox 2.0.

migrator

New Delhi

This will enable merchants to accept card payments via their smartphones as the application transforms a smartphone into a device that accepts debit and credit card payments just like a normal EDC (electronic data capture) machine.

Paytm said it has partnered with leading financial services institutions including Visa and MasterCard for facilitating card payments for Smart POS.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Also Read

CM Stalin slams AIADMK leader EPS for keeping mum over MGNREGA issue

Delhi airport: 97 flights cancelled, over 200 services delayed due to fog

Fringe forces cannot derail Stalin govt, says Minister Sekarbabu, hits back at H Raja

Tamil Nadu government floats Rs 3.97 Cr tender to revive Chettinad airstrip as aviation hub

AI in the jungle: TN's command centre in Gudalur to manage human-wildlife conflict