We have launched two new and improved Paytm Soundboxes today. These Made In India devices reflect our commitment to meet merchant needs, enabling them to manage daily sales and customer interactions efficiently. Paytm Soundbox, a pioneering product in the industry, is now a common sight in shops across the country, recognized by merchants for the convenience and security they provide to their businesses.
Both our new Paytm Soundboxes are equipped with 4G network connectivity, ensuring reliable and fast network and notifications. It features instant audio confirmation, so merchants can hear payment confirmations immediately. Our devices include a powerful speaker that delivers clear audio, making it easy to hear even in busy environments. With a long-lasting battery life of up to 10 days, merchants can rely on it throughout the week without frequent charging. Paytm Soundbox supports notifications in 11 languages including English, Hindi, Gujarati, Bangla, Odia, Marathi, Punjabi, Telugu, Malayalam, Tamil, and Kannada, meeting the needs of India’s diverse merchant population.
Our Soundbox brings the power of Rupay Credit Card on UPI, offering zero MDR to small merchants for transactions under Rs. 2000. This service allows small businesses to save on transaction fees, expanding their profitability and making it easier to adopt digital payments. This service is particularly beneficial for street hawkers to food and grocery delivery shops across the country, who frequently manage numerous small-value transactions daily.
“Our Soundboxes are Made in India which is our commitment to grow the payment system with software and hardware manufactured in India. Paytm Soundbox brings the power of Rupay Credit Card payments on UPI to merchants of all sizes, from rickshaw drivers and food & grocery delivery services to large retail stores. They can conveniently carry the device in their pocket or around their neck, or place it at their stores for easy payment processing. This helps merchants, from those with high transaction volumes to small-scale businesses, accept and confirm payments seamlessly without needing to use their phones or apps. Together with NPCI, we are committed to expanding the UPI payment ecosystem in every nook and corner of India.”
– Paytm spokesperson said
Further enhancing support for business owners, we, through our lending partners, offer loans of up to Rs. 10 lakhs to merchants, facilitating their growth and expansion. This financial assistance is tailored to help scale operations, invest in inventory, or upgrade facilities. Additionally, the Paytm Soundbox accepts payments from all UPI apps, ensuring that merchants can serve customers throughout India. This inclusivity in payment acceptance underscores our commitment to expanding UPI’s reach and making digital transactions accessible to merchants in even the most remote areas, promoting a digitally empowered economy.
