PayMate launches India's first PayPOS app

PayMate launched for the first time in India, the PayPOS application, 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.

In the market for more than a month, the application has no setup fee, rentals, variable fees or minimum transaction threshold. The application has already seen over 25,000 downloads,according to the press release.

“With the PayPOS first of its kind application launched in India for smart phones, transactions-on-the-move will be a suitable option for small businesses with smart phones, especially those who need mobility,” said PayMate founder and managing director, Ajay Adiseshann.

Businesses in the unorganized retail sector will benefit tremendously from the services of this application added Adiseshann.

Charging customers' cards on the move can help settle transactions immediately and also have sales logged and tracked in the application. Merchants also have access to data such as transaction history and other reports on their mobile device as well as online on a merchant center making all sale related information available at his fingertips.

Another important feature is that this allows a customer to make payment at the time of the product or service delivery if a customer sitting at a remote location.