Paytm Soundbox is a revolutionary device that has emerged as a disruptor in digital payments. It has helped merchants with instant audio alerts on receiving payments in their preferred regional language. But did you know that there is a very interesting story behind the Soundbox.
Earlier these were being manufactured in China. The intent behind manufacturing of soundbox was inconsistent payment alerts both on merchant as well as user’s end.
As the ultimate solution to the problem of instant alerts, we needed an arbitration device between the merchant and the customer. That is how Soundbox was born.”
Paytm Soundbox has been groundbreaking for their merchants. The device has seen a rapid adoption across the country and played a vital role in empowering small and micro-businesses in India. It supports multiple languages such as English, Hindi, Tamil, Telugu, Kannada, Marathi, Malayalam, Bengali, Gujarati, Punjabi and Odia. With Paytm Sound, we provide flexibility and convenience to our merchants with support for multiple payment methods such as Paytm Wallet, Postpaid, Paytm UPI and other BHIM UPI apps, net banking & cards.
In addition to Soundbox, our innovative payment solutions for merchants include QR payments, EDC and Payment Gateway. In operating performance update for July & August 2022, There were 4.5 million devices deployed over Paytm's pioneering IoT device, Soundbox, now accounts for 14% of the company's gross payment revenue and 38% of net payment revenue.