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Photo: National Herald

Paytm To Allow Smartphone-based NFC Card Payments For Merchants

Paytm will soon facilitate merchants to use android smartphones to receive Near Field Communication (NFC)-enabled debit and credit card payments from the 'Paytm for Business' App. Powered by Software Point-of-Sale (SoftPoS) technology, the fintech major's latest multilingual service, dubbed 'Paytm Smart POS', modifies a smartphone to accept payments by simply tapping the card on the phone's back. Reportedly, Paytm has already tested its soft-PoS offering in over 150 Indian cities.

Tue, 09 Mar 2021 - 06:55 PM / by Ashly Ann Varghese

Tags
Paytm
NFC
Paytm for Business
SoftPoS
Credit Card
payment
fintech
Android
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