In our relentless pursuit of innovation and leadership in the mobile payment sector, we have earned the trust and loyalty of India’s most-loved retail brands by continually enhancing convenience and efficiency for merchants in their daily operations. We consider merchants to be our biggest strength, and these merchants have always shown support towards our innovative products, standing by us from every corner of India.
On Tuesday, we took a major leap forward towards democratising merchant access to cutting-edge payment technologies by launching our latest innovation the ‘NFC Card Soundbox’.
In a recent live discussion, our Founder and CEO Vijay Shekhar Sharma, along with Chief Business Officer for Offline Payments Ripunjai Gaur, unveiled the new device and engaged with some of India’s most renowned merchants across 10 cities, including Amritsar, Agra, Lucknow, Bengaluru, Jaipur, Ahmedabad, Delhi, Hyderabad, Chennai, and Haridwar.
The NFC Card Soundbox brings secure NFC card-reading technology to even the smallest retailer, equipping them with one affordable device for comprehensive payment acceptance, across credit or debit cards and UPI. It supports all major card networks, including RuPay, Mastercard, American Express, Visa, integrating various payment methods and empowering merchants to accept digital transactions from a wider customer base.
Revolutionsing Payments—One Merchant at a Time
Merchants enthusiastically embraced our latest innovation, the NFC Card Soundbox, praising its enhanced features like a 10-day battery life and improved convenience from accepting multiple modes of payments. They also shared their transformative experiences, highlighting the positive impact of partnering with Paytm.
The merchant partner for Panchi Petha in Agra emphasised the convenience of the NFC Card Soundbox, by eliminating the need for multiple devices at the counter.
“In today’s time, 70-80% of customers make online mobile payments. I love that Paytm’s new device solves all payment purposes. A single device accepts payments from both card and QR, which is helpful,”
– Merchant owner of Panchi Petha said
Demonstrating trust in our device, Gaurav Sharma, the owner of a Rameshwaram Cafe franchise in Bangalore, highlighted how Paytm’s innovative devices have made mobile payment tracking and accounting effortless.
“We have started using the device, and we are really very happy, and so are our customers. The device also has a great feature that allows easy initiation of refunds in case of a wrong payment,”
– Gaurav Sharma, the owner of a Rameshwaram Cafe franchise in Bangalore said
Mohan from Madras Cafe in Chennai reaffirmed Paytm’s role as a trusted partner in the journey towards a cashless, digitally empowered society, and grateful for a device like this.
“Almost 50% of our customers pay through digital modes and cards, and the latest device now helps us with that. It will also make card payments accessible to customers who are not savvy with digital payments,”
– Mohan from Madras Cafe in Chennai said
Popular merchant partner Bengali Sweet House mentioned that now 80% of the payments at his shop are done through Paytm.
“We have started using the device, and we are really very happy, and so are our customers. The dual feature of the app—where you can tap and also use the QR code—is incredibly convenient. We’re thrilled to offer our customers a hassle-free payment experience with Paytm!”
– Merchant partner of Bengali Sweet House said
Praising our revolutionary device and how it has quickly become an essential fixture at merchants’ countertops, Abdul, the store manager of Karachi Bakery, said: “With the introduction of voice-based payment confirmation through the Soundbox, the success of a payment is immediately clear to both the customer and the merchant at the counter, resulting in a much faster checkout experience.”
Our introduction of the NFC Card Soundbox marks a significant advancement in payment technology, further solidifying our position as a leader in the mobile payment industry. By continuing to innovate and cater to the evolving needs of merchants, we are transforming the payment landscape, making transactions easier and more efficient for businesses of all sizes.
