The growth of mobile payments in India is closely intertwined with the success of Paytm, the country’s leading fintech company. India is rapidly embracing digital payments and setting an example for other nations. Paytm has played a crucial role in driving this transformation with its wide range of payment services and innovative products.
Paytm introduced the concept of QR code payments in India, revolutionizing the way people make transactions. Building on this success, Paytm launched the Paytm Soundbox, a unique device that provides audio confirmations for successful payments, enhancing the user experience.
To further strengthen its position in in-store payments, Paytm recently launched the Paytm Pocket Soundbox. This portable device is designed for merchants on the go, such as auto drivers, electricians, and delivery agents. With its compact size and lightweight design, the Paytm Pocket Soundbox is easy to carry and provides audio notifications for payments. Paytm also introduced the Paytm Music Soundbox, which allows users to enjoy music, listen to match commentary, news, and receive payment notifications.
To order the Paytm Pocket Soundbox and Paytm Music Soundbox, follow these steps:
- Open the Paytm for Business app.
- Click on the soundbox banner or the ‘Soundbox’ icon on the homepage.
- Select your preferred language on the Soundbox device page.
- Click ‘Buy Now’ to place your order.
The Paytm Soundbox has become a familiar sound across the country, bringing a sense of assurance to merchants. It is widely used by street vendors and grocery stores, demonstrating its popularity and impact on merchant transactions in India.
According to a report by global brokerage firm BofA, Paytm dominates the Soundbox market in Mumbai, with devices installed in small shops and outlets that prefer a convenient payment solution.
The rapid adoption of Paytm Soundbox since its launch in 2019 reflects the trust placed in the company’s technology. The portable device offers instant audio confirmation in multiple languages and has a battery backup of 7 days, the best in the industry. Paytm Soundbox is also available in a 4G-enabled variant, ensuring stable connectivity for real-time payments.
Paytm has established its leadership in in-store payment devices, with a total deployment of 8.2 million devices, including Soundbox and Paytm Card Machines. As of July 2023, the company has added over 2.4 million subscribing merchants, who appreciate the seamless transition to digital offered by Paytm’s technology-led solutions.
As the preferred choice for merchants seeking to expand their businesses, Paytm continues to innovate and support India’s transition to a digital economy.
