Paytm app starts acting as a card swiping machine
Vijay Shekhar Sharma-led digital wallet Paytm on Wednesday allowed merchants to use its app to accept debit and credit card payments without a card swiping machine. Paytm’s app will function as a digital point of sale, once the merchants declare themselves as a business on Paytm's website. Paytm has announced a 0% fee on debit cards till December 31.