Paytm To Introduce Offline PoS System For Merchants
Online payments firm Paytm, run by One97 Communications Pvt. Ltd. is supposedly planning to soon introduce offline physical point-of-sales (PoS) terminal for its merchant customers. After QR code feature, Paytm is now enabling cards payments at merchant locations.
According to the reports, it is being anticipated that will bring in two types of PoS terminals :
- Traditional PoS terminals, which work on GPS or landline.
- Mobile PoS terminals, which mostly work through a smartphone.
“The idea is to offer users all forms of digital payments. What Paytm is doing through UPI encouraging bank-to-bank transfers, this is something similar to where they are entering into all forms of digital payments through PoS,” the report stated. “Paytm already has QR payment faci...