Paytm suspends POS app a day after release due to security concerns

India’s Paytm has withdrawn its POS app a day after it was released amid security concerns. 

Paytm released a new point-of-sale app dubbed Paytm POS to much fanfare on Wednesday, addressing the inadequate availability of POS machines in India. Founder Vijay Shekhar Sharma was expecting over 10 million downloads of Paytm POS app by the weekend. 

SEE ALSO: India's futile attempt to go cashless is a reality check for our dream epayments future

However, the ecommerce company announced last...

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