Paytm’s all in one POS devices reaches 2 lakh businesses, company plans to expand

Just before the festive season kicks-in, Paytm has announced its All-in-one POS devices are powering 2 lakh businesses with EMI offers, cashback from top banks & brands. “During the ongoing festive season, the company is enabling offline merchants to offer their customers deals similar to e-commerce players and large retailers,” says the payments firm.

To make this possible, Paytm has partnered with 15 banks including Axis, Citibank, ICICI & Bank of Baroda among others, so merchants can give cashback offers, no-cost EMI-deals, easy and affordable instalments to their customers.

The firm adds that it is working with offline merchants, small shopkeepers, retailers in tier-II, tier-III, and the rest of India cities to bring its smart payments devices to more places. “During the ongoing festive season, Paytm All in One POS would especially help businesses bring back customers to their establishments, present them with affordable offerings, and increase footfalls,” adds the firm.

Also read: Paytm Postpaid now has 7 million users

For those unaware, Paytm’s POS devices accepts payments from card swipes and QR code and this device is integrated with the ‘Paytm for Business’ app to generate GST compliant bills.

"All businesses including, offline shopkeepers, retailers provide employment to millions of individuals and are an important part of the overall economy of the country. It is our endeavour to innovate products & services that are aligned with our mission of empowering them with technology-led solutions. With Paytm All in One POS device, we are enabling them to offer the same discounts and bank deals that e-commerce firms offer online. Other than that they are easily able to digitise their business operations, without any investment in technology or backend infrastructure. Our devices are providing the much-needed digitization support to businesses to improve their efficiency & supporting them to join the Digital India mission," said Renu Satti, Senior Vice President, Paytm.