Paytm launches new IoT-based payment device, smart POS By IANS | Published on Tue, Mar 9 2021 16:27 IST | 8 Views Paytm launches new IoT-based payment device, smart POS. Image Source: IANS News New Delhi, March 9 : India's homegrown digital financial services platform Paytm on Tuesday introduced a "Smart POS" (point-of-sale) application for Android phones as well as its latest Internet of Things (IoT)-based payment device, Soundbox 2.0. The Paytm Smart POS is designed to empower merchants to accept card payments through their smartphones as this application transforms a smartphone into a device that accepts debit and credit card payments just like a normal EDC (electronic data capture) machine.