MTS India is all set to launch a revolutionary service called mPOS – Mobile as Point of Sale. mPOS user have to put the mPOS attachment (portable card reader) on an MTS Smartphone or tablet through the 3.5 mm audio jack, swipe the credit/debit card, enter transaction amount and that is it.
The total bundle (MTS MTag 3.1, mPOS attachment & One year Data plan) would be priced between Rs.3000 - 4000. The average monthly spends on usage of MTS mPOS would be between Rs.200 – Rs.300. This service will be extremely useful for retailers, home-delivery based service models like e-commerce players, food chains, pizza delivery outlets and companies into direct sales model like FMCG, Insurance providers etc.
The payments made and received through MTS mPOS are completely safe and the entire end-to-end solution is PCI (Payment Card industry) DSS (Data Security Standards) compliant. The details of the Credit/Debit Card are encrypted at the time of swipe. The application uses Smartphone’s data connectivity to send the packet out to the host servers. At no point is the card data saved on the phone or on the mPOS attachment.