Paytm Revolutionizes Merchant Payments with New Paytm Card Soundbox

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Also read :Paytm Revolutionizes Merchant Payments with New Paytm Card Soundbox

 Paytm, a leading digital payments platform in India, has introduced the Paytm Card Soundbox, a versatile device designed to enable merchants to accept mobile and card payments seamlessly. This device supports various card types, including RuPay, Visa, Mastercard, and American Express, making it a convenient “tap and pay” solution for credit and debit card transactions. The Paytm Card Soundbox combines the functionality of a point-of-sale (POS) unit, a UPI QR code card, and an audio confirmation soundbox, providing merchants with an all-in-one payment solution. It also offers both audio and visual payment confirmations through an LCD display and is NFC-enabled for contactless payments.

Also read :NPCI Introduces UPI In Stock Market, For Faster & Simpler Trading Experience
Also read :Paytm Revolutionizes Merchant Payments with New Paytm Card Soundbox

The Paytm Card Soundbox boasts several key features, such as built-in “tap and pay” capability for card payments up to ₹5,000, fast payment alerts via 4G network connectivity, a 4W speaker for clear payment alerts, a long battery life lasting up to five days, and customizable alerts in 11 languages. Additionally, NFC-enabled smartphone users can conveniently make payments using the tap feature. Vijay Shekhar Sharma, the Founder & CEO of Paytm, emphasized the company’s commitment to addressing payment and financial service challenges for small businesses in India. He sees the Paytm Card Soundbox as a solution that bridges the gap between mobile and card payments, simplifying transactions for merchants.

Also read :Paytm Focuses On High-Ticket Personal Loans Partnering With Large Banks & NBFCs

In a significant development, Vijay Shekhar Sharma has become the sole Significant Beneficial Owner (SBO) of Paytm’s parent company, One97 Communications Limited (OCL), after acquiring the shareholding previously held by Antfin. This change in ownership, seen as positive for Paytm’s stock and company fundamentals, removes Chinese investors from the equation. Sharma expressed his dedication to Paytm’s growth and success, reaffirming the company’s relentless focus on generating and earning every dollar spent.

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