Paytm Will Let Merchants Convert Their Android Phones Into Smart Pos Machines

To help small and medium-sized businesses (SMBs) accept payments easily, Indian digital payments giant Paytm has introduced a nifty new feature today. Dubbed as “Paytm Smart POS”, this feature will turn any NFC-enabled Android device into a point-of-sale (POS) machine.

Now, coming to compatible platforms, the Paytm Smart POS feature will support Visa, Rupay, and Mastercard once activated. The amount will be capped at Rs, 5,000. That is because most of the transactions in India carry a value that is less or equal to the said amount.

With this move, the company aims to eliminate the need for dedicated POS machines to accept payments. Moreover, this will also encourage merchants who are not comfortable using physical POS machines to accept payments on their Android smartphones.