PayMate has launched PayPOS mobile 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. This is the first app of this type in India and the application has no setup fee, rentals, variable fees or minimum transaction threshold. It has real-time processing, track sales, generate reports and also lets you Manage and Promote your Business.
Anyone with a Smartphone can sign up with PayPOS and begin transactions immediately. To charge, the merchant just needs to enter the mobile number and the amount on the screen. The customer then enters the card details and the secure password. The transaction is then processed in real time.
Here is a official demo of how the app works
httpv://www.youtube.com/watch?v=sSpJG_FO_4U
The application has already seen over 25,000 downloads and is aimed at small businesses and individuals.
You can visit paypos.com to signup for the service.