Paytm, India’s leading payments and financial services provider, on Tuesday launched the country’s first ‘Paytm NFC Card Soundbox.’ This innovative payment solution, combines NFC technology with mobile QR payments, offers an affordable card payment option for millions of offline merchants.
The new NFC Card Soundbox by Paytm marks a significant advancement in mobile payments, democratizing access to secure NFC card-reading technology for small shops. With this device, merchants can accept a wide range of payment methods, including credit and debit cards and UPI. Customers can conveniently tap a card or scan a QR code to make payments.
This device boasts a longer battery life of up to 10 days, reducing the need for frequent charging. Alongside its primary features of instant audio confirmation and a display screen for transaction amounts, the Paytm NFC Card Soundbox enhances the efficiency and cost-effectiveness of merchants’ daily operations.
Speaking on the launch a Paytm spokesperson stated, “We are committed to help India’s small merchants by providing them with the latest technology to accept all types of payments at an affordable price. Today’s launch of the ‘NFC Card Soundbox’ marks the next chapter in the innovation of Paytm Soundbox, India’s most loved and successful payment device. With the Paytm NFC Card Soundbox, merchants can seamlessly receive mobile payments from any UPI app and accept NFC-based debit and credit cards, all through a single device. This makes the Paytm NFC Card Soundbox the ultimate offering for offline merchants across the country.”
Paytm’s Soundbox, a first-of-its-kind product, has gained widespread popularity among offline stores, offering unparalleled convenience for merchant partners. It supports notifications in 11 languages—English, Hindi, Gujarati, Bangla, Odia, Marathi, Punjabi, Telugu, Malayalam, Tamil, and Kannada—and features a variety of device models to meet the diverse needs of merchants across India.
The launch of the Paytm NFC Card Soundbox represents a significant milestone in the evolution of payment technology, offering a comprehensive, user-friendly solution for small merchants to accept a wide range of payments seamlessly.