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PayMate introduces Paypos

by VARINDIA 2012-05-19

PayMate India Pvt. Ltd. has launched PayPOS application for the first time in India, which allows small businesses to accept and process electronic transactions using credit and debit cards directly on their mobile phones at the point of sale (POS) itself.

Ajay Adiseshann, Founder & MD, PayMate said, “With the PayPOS first of its kind application launched in India for smartphones, transactions-on-the-move will be a suitable option for small businesses with smartphones, especially those who need mobility. Businesses in the unorganized retail sector will benefit tremendously from the services of this application. According to the latest research, there were 21 million smartphones in India as of January 2012 and the numbers are going to increase manifold in the next few years. This is an indicator of the potential of the application and more that Paymate has to offer.”