Paytm has unveiled a new NFC Card Soundbox designed to streamline payments. Unlike traditional models, this soundbox requires no charging and eliminates the need for paper rolls.
According to Paytm’s Managing Director, Vijay Shekhar, the new system reduces costs for merchants by integrating both card payments and QR code transactions in one device.
Cost Savings for Merchants
The new soundbox aims to lower expenses for shopkeepers by removing the need for charging Electronic Data Capture (EDC) machines and paper rolls, as well as reducing machine rental costs.
This innovation not only saves money but also minimizes time spent on payment processing.
Enhanced Features and Regional Support
The Paytm Soundbox supports all card networks and features a unique payment method where cards are tapped on a QR code. Additionally, it offers payment notifications in regional languages, enhancing the user experience.
Utilizing Near Field Communication (NFC) technology, this soundbox enables both UPI and card payments from a single device. Paytm is also introducing customized QR codes for merchants.
