Proxgy launches AudioCube for UPI and CBDC payment notifications

By Leandra Monteiro

Proxgy, an IoT technology start-up from India, has forayed into the FinTech space with the launch of its latest product line named AudioCube.

AudioCube is a multi-lingual payment alert audio mechanism with ad network integration for merchants and retailers, that acts as a real-time transaction settlement system irrespective of the payment gateway.

Available in 120 cities across India, 4G, Wi-Fi, and Bluetooth-enabled AudioCube is dust tolerant, supports 24 Indian languages and has multiple customisation options including a dynamic QR with a LED display, a thermal printer, an ad network integration and dual screens. It comes with up to 3 days of battery life with Type C fast charging.

Pulkit Ahuja, Founder & CEO of Proxgy said, “AudioCube is our latest IoT solution designed to revolutionize the banking and fintech landscape in India. With its advanced features, customization options, and industry partnerships I am positive that AudioCube will deliver an unparalleled user experience while prioritizing data security and compliance for the Fintech players.”

AudioCube simplifies the integration of payment gateway android applications by consolidating multiple applications onto a single Soundbox. This streamlines operation and reduces the need for multiple sound boxes for each payment gateway. “AudioCube is a revolutionary product that combines advanced technology and customizable features to redefine the banking and fintech experience”, further continued Ahuja.

Proxgy is currently in the process of closing its seed round at a $17 million valuation.