Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-05-09

PayMate launches PayPOS, a smartphone app for card payments

PayMate, country’s leading mobile payment company has launched PayPOS, first of its kind smartphone application that allow small businesses to accept and process electronic transactions using credit and debit cards directly on their mobile phones at the p

PayMate, country’s leading mobile payment company has launched PayPOS, first of its kind smartphone application that allow 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. In the market for more than a month, the application has no setup fee, rentals, variable fees or minimum transaction threshold.

Commenting on its usability, Ajay Adiseshann, founder and managing director of PayMate said, “With PayPOS, 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.”

PayPOS only requires a sign up to use. The merchant just needs to enter the mobile number and the amount on the screen followed by the customer’s card details and a secure password. The transaction is then processed in real time.

The application has already seen over 25,000 downloads. Charging customers’ cards on the move would help settle transactions immediately and also keeping the track of sales in the app itself. The transaction history and other reports would be accessible online too at a merchant center providing all sale related information.

“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,” Adiseshann added.

Related opportunities
  • Frontier Biscuits - a very renowned name in Bakery sector..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 1995
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater West Delhi New Delhi
  • Preschools
    About Us: Started in Ahmedabad,9 kids, an initiative of the  H.B...
    Locations looking for expansion Gujarat
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 4300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Courier & Delivery
    About US. World Health Care Mart Is a Leading Teleshopping..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
  • Tea and Coffee Chain
    About Us: Started in Delhi’s Lajpat Nagar, ‘How You Brewing’ is..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts