One97 Communications, the owner of the Paytm brand, on Monday launched its latest innovation – Card Soundbox, which aims to enable merchants to accept mobile and card payments across all Visa, Mastercard, American Express and RuPay.
The UPI payment system has become extremely popular for digital retail payments in India and its adoption is growing at a rapid rate.
These touch and payment card payments will help merchants grow their business. With Paytm Card Soundbox, the company solves two problems for merchants: accepting card payments as well as instant audio alerts for all payments.
Paytm was the first company to implement sound validation with Paytm Soundbox in 2019. “Paytm’s single device launch will transform in-store payments by expanding merchant acceptance by combining Soundbox with NFC or credit and debit card payments. contactless mobile payments. An industry-first solution, the new Soundbox provides audio and visual payment confirmation via LCD display for merchants and customers,” Paytm said in a statement.
Paytm Card Soundbox has a built-in “tap and pay” feature so merchants can accept card payments.
The Made in India device is supported by 4G network connection, has 4W speaker and 5 days battery life.
Designed with a diverse merchant base in mind, the device issues alerts in 11 languages that can be changed by merchants through the “Paytm for Business” app.
Additionally, with the Paytm Card Soundbox, users with NFC-enabled smartphones can also pay through their phones using the Tap feature. “Paytm is at the forefront of innovation for Indian small businesses, addressing their payments and financial services challenges. Today, with the Paytm Card Soundbox, we’ve taken it to the next level. “We recognize that merchants and consumers need to accept cards as simple as mobile payments with Paytm QR codes,” said Vijay Shekhar Sharma, Founder and CEO of Paytm.
“The Card Soundbox launch will go a long way in consolidating two merchant requirements: mobile payments and card payments,” adds Sharma.