Sistema Shyam TeleServices Ltd launched MTS mPOS service designed to accept of card-based payments through mobile phones and tablets. It would be a mobile substitute to the conventional credit or debit card swipe machines.
The total bundle — MTS MTag 3.1, mPOS attachment and one-year data plan — would be priced between Rs 3,000 and Rs 4,000. The average monthly spends on usage would be between Rs 200 and Rs 300, it said. The company has rolled out a pilot project with e-commerce retailers Flipkart.com and Yebhi.com wherein MTS would provide MTS MTag 3.1 smartphones and the data services required. The company plans to launch this service nationally in the near future.