Sistema Shyam TeleServices Limited that operates voice and data services, under the MTS brand, has launched MTS mPOS, a mobile point of sale device that can be attached to MTS mobiles for point of sales transactions. The company has partnered with a solutions provider for the service but when contacted by MediaNama, declined to reveal the partner's name and said that it's still in a final round of negotiation. According to the company, the PoS can be used by retail and home delivery services,small shops, provision stores, delivery boys, and others, at places where other terminals can't be used. The mPOS device that will be attached to the mobile handset is essentially a mobile substitute to the conventional credit/ debit card readers (Electronic Data Capture Machines). The company claims that this service reduces the high hardware costs of a conventional PoS terminal & the monthly maintenance charges involved. How to use & cost of the device/payment processing fee In order to use the service, one needs to buy the total bundle (MTS MTag 3.1 CDMA phone, mPOS attachment & one year Data plan)costing them between Rs.3000 - 4000. Currently, the service is available only on MTS MTag 3.1 device, however, MTS plans to bring this service on other MTS Android handsets as well. To use the device one needs to download the mPOS app on the smartphone. The mPOS device fits on the phone through the smartphone audio jack. Once the purchase is made, the merchant can enter the transaction on the mPOS app on the smartphone…
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