Paytm Partners with Axis Bank to Offer POS Solutions and EDC Devices to Merchant Network

One 97 Communications Ltd, which owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR and mobile payments, has announced a partnership with Axis Bank, one of India’s largest private sector banks to provide POS solutions and EDC devices (card machines) to the Bank & its merchant network. This collaboration is set to transform the merchant acquiring business by harnessing advanced technology to optimize business operations and elevate customer satisfaction. Paytm’s EDC devices (card machines) come equipped with a robust suite of features designed to streamline operations and drive business growth. The integrated software offers complete store management services, including inventory management, invoice generation, promotions and discounts, sales tracking and reporting, CRM, and more. This POS solution ensures that merchants can effectively manage their businesses while enjoying seamless payment processing capabilities. Through this partnership, Paytm’s cutting-edge technology will reach a wider merchant base via Axis Bank, thereby enhancing the capabilities of both entities.