Paytm rolls out new payment devices to help India’s small shops
By Gloria Mathias
Paytm has launched two innovative payment devices that are 4G enabled: Paytm Pocket Soundbox and Paytm Music Soundbox.
The innovative portable device, Paytm Pocket Soundbox, can fit in your pocket and is as small as a debit card, and empowers merchants who are always on the move with instant audio payment alerts. Paytm Music Soundbox doubles up as a speaker that issues payment notifications and can also be connected to the phone to play music through Bluetooth.
Paytm aims to transform in-store payments nationwide with its first audio-based device with a Soundbox. The device is designed to add convenience for mobile merchants; Paytm’s Pocket Soundbox is an industry-first portable device offering all the powerful features of the iconic Paytm Soundbox.
The easy-to-carry device is ‘Made in India’ and provides 5-day battery life, 4G connectivity, and a torch to keep going even in low-light conditions. This will be helpful for merchants on the go, including cab and auto drivers, electricians, delivery agents, parking fee collectors, and cart vendors.
We have also launched Paytm Music Soundbox, a unique device that enables merchants to play music through their mobile phones through Bluetooth while managing their payment transactions. It has 7-day battery life, 4G connectivity, and a powerful 4W speaker. A unique voice overlay feature enables the merchant to hear payment notifications over the music being played.
Vijay Shekhar Sharma, Founder & CEO, Paytm said, “As pioneers of mobile payments and QR technology, we revolutionised in-store payments with the Paytm Soundbox. We are driving innovation further with two new devices, Paytm Pocket Soundbox and Paytm Music Soundbox, both of which have been designed to bring convenience to merchants. Paytm Pocket Soundbox will be a game-changer for merchants on the go, while the Paytm Music Soundbox announces payment alerts and solves for a lifestyle experience. With these new devices, we continue to lead technology for small shops in India.”
IBSi Daily News Analysis
January 16, 2024
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