India: Paytm launches smartphone-based NFC payments for merchants

India: Paytm launches smartphone-based NFC payments for merchants

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Digital payments major Paytm on Tuesday said it will let merchants use smartphones to accept near field communication (NFC)-based debit and credit card payments through its ‘Paytm Smart POS’ for Android phones.

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