Our Merchants share Why they Love our all-new Pocket Soundbox and Music Soundbox

byPreeti VermaLast Updated: August 4, 2023

We have impacted millions of merchants’ lives across India with our payment devices and helped them grow their businesses. Our Soundbox has gained immense popularity amongst merchants as it allows them to conduct their business smoothly. The adoption of our Soundbox among merchants in India has been nothing short of extraordinary, with a new device being purchased by a merchant every 6 seconds. It has surely become the sound of merchant transactions in India. 

We recently introduced two new innovative 4G-enabled devices – Music Soundbox and Pocket Soundbox. After revolutionising in-store payments with our Soundbox across the country, we are driving innovation further with our new devices, which have been designed to bring convenience to merchants. Our Pocket Soundbox is a game-changer for merchants on the go, while our Music Soundbox is a revolutionary device for a lifestyle experience.

In a live conversation, our Founder & CEO Vijay Shekhar Sharma, President & COO Bhavesh Gupta, and CBO – Offline Payments Ripunjai Gaur engaged with a few merchants to capture their reactions to our newly-launched Music Soundbox.

Mrs. Manu Chauhan, Vikram Sports Gallery, Noida

Being a customer of Paytm since 2016, speaking on Music Soundbox, Mrs. Chauhan said that the device has helped remove boredom as she can now listen to music and get notified of the payments too. ““Pehle na bore ho jate the, sirf wahi sun ke, sari cheeze purana, ek extra se speaker rakho, ye rakho. Lekin ab iske aane se ye benefit hogaya hai ab gaane bhi sunte raho, payment bhi lete raho.(Earlier I used to get bored listening to the same old thing. I had to keep extra speakers and other things. But now, with the Music Soundbox, I can listen to songs along with receiving payments.)

Sharing her experience and the feature she liked the most, she said “Main abhi to satisfied hu bilkul aur ye jo naya laga hai isse to main aur bhi satisfied hu, ek to durability bahut badh gayi hai battery ki. Bar-bar hume isse charge pe nahi lagana pad raha hai. Cash ki handling bahut easy ho gayi hai, pehle cash handle karna padta tha, bank ke lambe line se bach gaye jab se maine soundbox lagaya hai. I am fully satisfied, meri 80% payment aapke Paytm se hi aati hai.” (I am completely satisfied with the new Music Soundbox. First, the durability of the battery has increased. I don’t need to charge it that often, handling cash has become easier, and there is no need to stand in long bank queues. Also, 80% of the payments I receive are via Paytm only.)

Thanking us for bringing this concept and informing us that her entire family uses the Paytm app, Mrs. Chauhan added, “Mere paas aapki machiney bhi hai, box bhi lage hue hai, mere do store hai, aur meri family mein hum sab Paytm App bhi use karte hai. Thank you so much ki aap ye concept lekar humare liye aaye hai, isse hamara business easy hogaya hai aur especially ek baat batana chahungi, demonetisation ke time tab log banko ki line mein lage the, main aram se apna business kar ri thi baith ke, aur us samaye business bahut tezi se grow hua tha. Thank you so much, all of you.” 

(I have Paytm’s machine and Soundbox at my stores. Also, my entire family uses the Paytm app. Thank you for bringing this concept to us. This has made doing business easier. I want to tell you, especially during demonetisation, people were standing in long queues at banks, but I was sitting comfortably doing my business. My business also grew rapidly at that time. Thank you so much all of you.)

Mr. Jitendra, Pooja Novelties store, Bengaluru, Karnataka

Talking about his experience of using Paytm Music Soundbox, Jitendra said, “It is going very softly, very swiftly, no problem at all, instant payment.” 

He added, “Abhi sirf 6 mahine hi hua h humara shop ban ke, humne music system kuch dalwaya hi nahi hai,…. humara bhi aarti wagera bhagwan ka sbkuch chal ra hai subah se.” (It has only been 6 months since my shop, and we haven’t kept any Music system. I listen to aarti, bhajans, and everything on the Music Soundbox.)

Informing that around 80% of his payments are received online via Paytm and giving his feedback, he asked to keep coming up with such innovative ideas. “Aise hi naya-naya product laate rahiye humare liye.”

Mr. Harsh, Vaishali Nagar, Chitrakut, Jaipur

Sharing his experience of using Paytm’s Music Soundbox, Harsh said his workload has decreased because of our product, and 70% of his payments are received on Paytm. He also informed me that this product has helped him to decrease the loan and fraud rate.

“Maza aagaya, hum to puja path wale aadmi hai to subah-subah bhajan chala lete hai to uska jo aanand aata hai na keh nai sakte….. 70% payment to mera issi se aata hai, chai ka aur snacks ka kam hai, bachche aate hai, students aate hai, college ke log aate hai, corporates se aate hai, mera bada kam aaram ho jata hai, main yaha aram se bat kar raha hu, payment hori hai, awaj aagai ji badhiya. Udhar kam hua, fraud kam hua hai, nai to meri dukan pe 2-4 aadmi to yu nikal jate the pata nahi chalta tha. Ab payment pe nazar rehti hai.”

(I play bhajans on the Music Soundbox and enjoy it a lot. 70% of my payments also come via this only. I run a tea and snacks business. Children, students, and people from corporations, all come here. My work has eased because of the Soundbox as it announces the payments. Loan and fraud rate has also decreased.)

Similarly, our Pocket Soundbox which is an easy-to-carry device, will be helpful for merchants on the go, including cab and auto drivers, electricians, delivery agents, parking fee collectors, and cart vendors. Informing about the device, our President & COO Bhavesh Gupta said, “Paytm observed several merchants in the market like auto-rickshaw drivers, cab drivers, delivery agents, and more, and they were facing portability and security issues. Catering to their concern we introduced the multi-purpose Pocket Soundbox. It is a small card-sized device which easily fits in the pocket and can be carried anywhere.”

Mr. Nilesh, Chemist Shop, Pune

Nilesh stated that he uses the Paytm Music Soundbox to listen to music, news, and commentary. He is able to receive payments and get entertained together with the help of the product. “Gaana bhi chalata hu, news aur commentary bhi sun sakta hu isme, vyapar bhi hoga aur entertainment dono sath mein hota hai.” 

(I play music and listen to news and commentary too on the Music Soundbox. Now, both business and entertainment go hand-in-hand.)

While speaking on the Music Soundbox volume, he added that it is loud and clear. “Volume kafi acha hai, clear hai, audible hai.”

Related News

RBI Sets Ambitious Goals for UPI and CBDC Rollout

The Reserve Bank of India (RBI) targets a significant increase in daily UPI transactions, aiming to reach 1 billion from the current 500 million. In a recent address at the Annual International Banking Seminar, Governor Shaktikanta Das underscored UPI's efficiency and its expansion into seven countries, including Sri Lanka, UAE, and Singapore. Meanwhile, the RBI is proceeding carefully with the Central Bank Digital Currency (CBDC), emphasizing thorough testing for security and reliability. The pilot phase for the wholesale CBDC launched in November 2022, followed by retail trials in December, aiming to streamline international payments by reducing intermediary involvement.
News Post: October 28, 2024

PM Modi Urges BRICS to Embrace UPI as Maldives and UAE Join the System

Prime Minister Narendra Modi has called for BRICS nations to adopt India's Unified Payments Interface (UPI) to enhance financial integration. With the UAE already onboard and Mauritius expressing interest, this move aims to expand UPI’s global reach. Additionally, the Maldives plans to implement UPI following India's support in strengthening its digital infrastructure. In India, digital payments are steadily rising, accounting for nearly half of all transactions as cash usage declines, per an RBI study.
News Post: October 25, 2024

President Muizzu Introduces UPI to Boost Maldives Economy

President Muizzu has taken steps to introduce India’s UPI payment system in the Maldives, aiming to improve the nation's economy through better financial inclusion and efficiency. A consortium led by TradeNet Maldives Corporation Limited will manage the rollout, supported by a government coordination team. This move, coming after a recent agreement with India, is expected to enhance the Maldives' digital infrastructure and marks a shift in Muizzu’s approach to foreign relations.
News Post: October 22, 2024

RBI Increases UPI Lite Limits to ₹1,000 & Wallet to ₹5,000

The Reserve Bank of India (RBI) has made digital payments easier by increasing UPI Lite transaction limits. The per-transaction limit for UPI Lite has been raised from ₹500 to ₹1,000, and the overall wallet limit has increased from ₹2,000 to ₹5,000. These changes aim to simplify small-value transactions and make digital payments more accessible and convenient for users across India, especially on platforms like Paytm.
News Post: October 9, 2024

UPI Transaction Limit Increased To Rs 5 Lakh

NPCI has raised the UPI transaction limit to ₹5 lakh for sectors like tax payments, healthcare, education, and financial investments, effective September 16, 2024. This change enables high-value transactions through UPI, promoting digital payments across broader financial activities. However, the limit for peer-to-peer transfers remains at ₹1 lakh. Users should check with their banks to confirm the availability of the new limit.
News Post: September 17, 2024

NPCI’s Auto Top-Up for UPI Lite from October 31

Starting October 31, 2024, UPI Lite users will benefit from an auto top-up feature, automatically reloading their balance for small-value, PIN-less transactions under ₹500. The balance will have a limit of ₹2,000, with up to five auto top-ups allowed per day. Users can cancel the auto top-up anytime, while banks and UPI apps will provide the necessary support to manage the feature. The National Payments Corporation of India (NPCI) announced this update in a circular on August 27, aiming to make small payments more seamless and reduce the strain on core banking systems. Source: NPCI
News Post: September 13, 2024

RBI’s New ULI Will Speed Up Loan Approvals and Reduce Paperwork

RBI Governor Shaktikanta Das has announced the Unified Lending Interface (ULI), a new platform to make loan approvals easier and faster. ULI will let lenders quickly access important information, like land records, reducing paperwork. It's especially helpful for small businesses and rural borrowers. ULI is part of India's push for digital banking, along with JAM and UPI, and will be rolled out nationwide after a successful pilot. Das also talked about improving cross-border payments and using AI carefully in banking to ensure data is accurate and private.
News Post: September 4, 2024

RBI Launches UPI Cash Deposits at ATMs, No Debit Card Needed

The Reserve Bank of India (RBI) has rolled out the UPI Interoperable Cash Deposit (UPI-ICD) service, allowing customers to deposit cash at ATMs using UPI without the need for a physical debit card. Launched at the Global Fintech Fest 2024, this new feature supports deposits into any bank account via UPI at ATMs equipped with cash recycler technology. The initiative is a part of the RBI's ongoing efforts to expand UPI's reach and promote digital payments across India.
News Post: September 2, 2024

How UPI Circle Lets Multiple Users Share One UPI ID

UPI Circle by NPCI enables multiple users, such as family members, to share a single UPI ID, allowing for secure, delegated transactions. The primary user manages access,setting transaction limits of up to ₹15,000 per month and ₹5,000 per transaction for secondary users. Also, it enforces security through mandatory biometrics or app passwords. This feature is particularly useful for enabling digital payments for those without bank accounts, such as children or elders, while reducing cash dependency and maintaining control over the shared account. It also increases UPI adoption by providing a safe and convenient payment option for all. Read more about UPI Circle and how does it workupi
News Post: August 23, 2024

RBI Hikes UPI Tax Payment Limit to Rs 5 Lakh

UPI Limit for Tax Payments Increased from Rs 1 Lakh to Rs 5 Lakh

The Reserve Bank of India (RBI) has increased the UPI limit for tax payments from Rs 1 lakh to Rs 5 lakh. This means you can now pay larger tax amounts quickly and easily using UPI.

Effective immediately, taxpayers can transfer up to Rs 5 lakh in a single UPI transaction for paying taxes. This move aims to simplify the tax payment process and encourage digital payments. Additionally, the RBI has introduced 'delegated payments' through UPI, allowing users to authorize another person to make UPI payments from their account.

These measures are expected to make tax payments more convenient and boost digital payment adoption across India.

News Post: August 8, 2024

You May Also Like