Card payment facility now available on Paytm Soundbox

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New Delhi . Paytm, the country’s leading payments and financial services company and pioneer of QR and mobile payments, on Monday launched its latest innovation – Card Soundbox.

With this, the company through its iconic soundbox ‘Tap & Pay’ will empower merchants to accept both mobile and card payments across all Visa, MasterCard, American Express and RuPay networks, thereby helping merchants grow their business.

Vijay Shekhar Sharma, Founder & CEO, Paytm said, “Today, with Paytm Card Soundbox, we have taken it to the next level. We have found that merchants and consumers need card acceptance just like 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 – into one.”

Paytm was the first company to launch audio-based confirmation with Paytm Soundbox, bringing a change in in-store payments in the country.

Focused on creating technology-based innovation, the company continues to be the market leader in in-store payments with devices such as the Paytm Soundbox and Card Machine.

“Paytm Card Soundbox is another innovation that will enable small merchants to offer a seamless digital payments experience to their customers by easily accepting contactless card payments,” said Gautam Agarwal, South Asia Division President, Mastercard.

After the successful launch of Paytm Pocket Soundbox and Paytm Music Soundbox recently, with Paytm Card Soundbox, the company is providing more convenience for merchants.

With the launch of Paytm Card Soundbox, the company has solved two problems faced by merchants – accepting card payments as well as receiving instant audio alerts for all payments. The launch of Paytm’s unique device will transform in-store payments by expanding payment acceptance for merchants by combining NFC (Near Field Communication) enabled soundboxes or contactless debit and credit card payments with mobile payments.

NPCI said, “Audio payment alerts have transformed digital payments in India and enabled many merchants to seamlessly digitize their business. Paytm Card Soundbox is India’s first soundbox to accept contactless card payments as well And will further accelerate cashless transactions in the country.

The new Soundbox will provide visual payment confirmation to the merchant and customer through audio and LCD display.

Sandeep Ghosh, Group Country Manager, India and South Asia, Visa, said, “The launch of Paytm Card Soundbox reflects the importance of contactless card payments in today’s world. Offers a versatile solution and is in line with the changing preferences of consumers in India.”

With built-in ‘tap and pay’ functionality, merchants will be able to accept card payments up to Rs 5,000. The device is powered by 4G network connectivity, which provides the fastest payment alerts.

Paytm Card Soundbox with four watt speaker enhances the clarity of payment alerts. Its battery life is also five days.

Anurag Gupta, Vice President and Head – Acquiring & Network Issuing, American Express said, “After revolutionizing mobile payments in India by introducing Soundbox, Paytm Card Soundbox will further drive digitization in the country. Amex is happy to partner with Paytm on this acceptance growth as it also accepts payments from anywhere in the world, which will help accelerate the growth of cashless transactions in the country.”

In addition, the device provides alerts in 11 languages ​​which the merchant can switch through the Paytm for Business app. Also users with NFC-enabled smartphones with Paytm Card Soundbox can also pay through their phones using the Tap feature.(IANS)

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