We Strengthen Our Leadership in Offline Payments With the All New 4G-Enabled Made In India Soundbox To Empower Our Merchant Partners

byKrishna VanamaliLast Updated: April 10, 2023

After revolutionising mobile and QR payments with the launch of Soundbox, we have now launched the 4G-enabled Soundbox 3.0 to further empower our merchant partners across the country with seamless and secure payment collections. 

We were the first to launch audio confirmations in India with the Paytm Soundbox. Our pioneering device continues to be a merchant favourite and strengthens offline payments leadership for the company. As of 31st March 2023, more than 6.8 million merchants are now paying subscriptions for our payment devices like Soundbox and PoS.

We were the first in the industry to launch the Soundbox, a cutting-edge technological innovation that has added unparalleled convenience for our merchant merchants. With the launch of this IoT device, our market leadership in mobile payments reached another level. Its rapid adoption by merchants across the country is a testament to the Soundbox’s growing popularity.   

The 4G Soundbox is the first-of-its-kind and provides stable connectivity for instant real-time payment alerts, fastest in the industry. In areas where the 4G network does not work, it automatically shifts to the 2G network for uninterrupted connectivity. The 4G Soundbox comes in a new design and gives a battery backup of 7 days, the best in the industry. 

Our Made-In-India Soundbox is highly durable and splash-proof. For ease of adaptability, a new feature has been launched in Paytm 4G Soundbox through which its language can be changed by the merchants through the Paytm for Business app. The auto-assisted device supports 11 languages including English, Hindi, Tamil, Telugu, Kannada, Marathi, Malayalam, Bengali, Gujarati, Punjabi and Odia. 

Merchants have been given 3-in-1 benefits with Soundbox 3.0 — an instant loan facility through our marquee lending partners, assured cashbacks on receiving payments, and guaranteed support with a 24-hour helpline and 1-hour call back policy. 

“As the pioneer in QR-based payments and Soundbox in India, we are constantly innovating to bring enhanced payments solutions for our merchant partners. With the success we have seen with the revolutionary Soundbox, we are now taking it one step further with the Soundbox 3.0, which is laden with innovative features. This is aligned with our vision to bring more merchants under the digital economy”  

Paytm Spokesperson

Our Soundbox, which enables merchants to easily keep track of payments with instant audio alerts in multiple regional languages, has played a vital role in empowering small and micro-businesses in India. The Soundbox provides flexibility and convenience to merchants with support for multiple payment methods such as Paytm Wallet, Paytm Postpaid (BNPL), Paytm UPI and other BHIM UPI apps, net banking & cards. 

How to get Paytm Soundbox:

Merchant partners can easily apply for the Soundbox on the Paytm for Business app.

  1. To order a Soundbox, merchants can navigate to the ‘Accept Payments’ section on the Paytm for Business App and get ready-to-use Soundbox delivered to their doorstep 
  2. Merchants can also call on 0120-4440440 and get assistance for the process 

Related News

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