Paytm launches ‘Card Soundbox’ for domestic & international payments
By Delisha Fernandes
Paytm, has launched its Card Soundbox device, which allows merchants to accept both mobile and card payments across the Visa, Mastercard, American Express and RuPay networks.
The ‘Card Soundbox’ has a built-in ‘tap and pay’ feature through which merchants can accept card payments up to Rs 5,000. Users with NFC-enabled smartphones can also pay through their phones using the tap feature.
“Paytm has always been at the forefront of innovating for India’s small businesses, solving their payments and financial services problems. Today with Paytm Card Soundbox, we take it to the next level. We have found that merchants and consumers need card acceptance as simply as mobile payments with Paytm QR Code. The launch of Card Soundbox will go a long way in merging the two requirements of merchants – mobile payments and card payments.” said Vijay Shekhar Sharma, Founder & CEO, Paytm
Paytm Card Soundbox has a built-in ‘tap and pay’ functionality through which merchants can accept card payments up to ₹5,000. The Made in India device is powered by 4G network connectivity providing fastest payments alerts. With Paytm Card Soundbox, the company solves two problems for merchants—accepting card payments along and getting instant audio alerts on all payments.
The launch of its unique device will transform in-store payments by expanding payment acceptance for merchants by combining Soundbox with NFC or contactless debit and credit card payments with mobile payments. The new solution provides both audio and visual payment confirmation through a LCD display to the merchant and the customer.
“Audio payment alerts are transforming digital payments in India and have enabled many merchants to seamlessly digitize their businesses. After revolutionizing mobile payments by pioneering Soundbox in India, Paytm Card Soundbox will further boost digitisation in the country. It is India’s first Soundbox that also accepts card payments, this would help accelerate the growth of cashless transactions in the country and Amex is happy to be a partner with Paytm on this acceptance growth.” said Anurag Gupta, Vice President & Head – Acquiring & Network Issuing, American Express
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