Telecom company Sistema Shyam TeleServices Ltd on Wednesday launched MTS mPOS service that would offer acceptance 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 company said.

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 and 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.

(This article was published on June 27, 2012)
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