– Marks the next chapter in mobile payments with NFC card payment technology in the Paytm QR Soundbox
– Customers can simply tap a debit or credit card or scan a QR to make payments
– Equips small shops with an affordable device for comprehensive payment acceptance across all methods
Mumbai: 30th July 2024: One 97 Communications Limited (OCL), which owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR and mobile payments, has announced the launch of India’s first ‘Paytm NFC Card Soundbox.’ This next-generation payment device combines NFC technology with mobile QR payments, offering an affordable device for card payments to millions of offline merchants.
Paytm’s new NFC Card Soundbox marks the next chapter in mobile payments with NFC card payment technology. It democratises access to secure NFC card-reading technology for small shops, empowering them with affordable devices for comprehensive payment acceptance, including credit or debit cards and UPI. Customers can simply tap a card or scan a QR code to make payments.
With an improved and longer-lasting battery life of up to 10 days, merchants can benefit from the Paytm NFC Card Soundbox without frequent charging. In addition to its core features of instant audio confirmation and a display screen for transaction amounts, this innovation helps merchants streamline their day-to-day transactions, making their business operations more efficient and cost-effective.
Paytm spokesperson said, “We are committed to help India’s small merchants by providing them with the latest technology to accept all types of payments at an affordable price. Today’s launch of the ‘NFC Card Soundbox’ marks the next chapter in the innovation of Paytm Soundbox, India’s most loved and successful payment device. With the Paytm NFC Card Soundbox, merchants can seamlessly receive mobile payments from any UPI app and accept NFC-based debit and credit cards, all through a single device. This makes the Paytm NFC Card Soundbox the ultimate offering for offline merchants across the country.”
Paytm pioneered the Soundbox, an innovative first-of-its-kind product, which has gained widespread popularity among offline stores, offering unparalleled convenience for merchant partners. Supporting notifications in 11 languages—English, Hindi, Gujarati, Bangla, Odia, Marathi, Punjabi, Telugu, Malayalam, Tamil, and Kannada—and featuring a range of device models, the Paytm Soundbox is designed to meet the diverse needs of offline merchants across the country.
