Flipkart’s Wallet Phone Pe Launches Calculator Lookalike PoS Device
Indian e-commerce Unicorn Flipkart's digital wallet Phone Pe has made a bold move to challenge Paytm, by launching a unique PoS(Point of Sale) device- which looks like a small calculator backed with Bluetooth technology as a payments solution for merchants.
The device has several features that makes it fit for a Indian merchants. Priced at $10(around Rs 650), it can run for months, powered on a AA battery and relying on nothing the consumer's smartphone data connection.
“It looks and feels and acts like a calculator, it costs less than $10 (nearly ₹650) and it is a plug and play product,” Phone Pe CEO Sameer Nigam told reporters at a conference in Bengaluru, launching the device.
“Most payment solutions today do not address the basic problems. Merchants need a durable, cheap and ...