The business stated that the new handsets are equipped with 4G network access, greater sound quality, a longer battery life, and notifications in 11 Indian languages. In a webinar, creator and CEO Vijay Shekhar Sharma stated that the new Soundboxes are better suited to Indian circumstances and solve the high-noise environment in India. The fresh releases come soon after One97 Communications completed the movement of its merchants from Paytm to other UPI names.
Paytm, the fintech behemoth, released two new soundboxes on Monday (April 22) to accept UPI and credit card payments via UPI.
According to the business, the new devices are totally built in India and include 4G network access and improved sound quality. It further stated that these audio devices have a battery life of up to 10 days and can send notifications in 11 languages, including English, Hindi, Gujarati, Odia, Marathi, Telugu, and Tamil.
“Our Soundboxes are built in India, as part of our commitment to expanding the payment system with Indian-made software and hardware. Paytm Soundbox extends the power of Rupay Credit Card payments via UPI to merchants of all sizes, from rickshaw drivers and food and grocery delivery services to huge retail outlets, according to a Paytm spokeswoman.
In a webinar, Paytm founder and CEO Vijay Shekhar Sharma stated that the new Soundboxes are better suited to Indian conditions and solve the country’s high noise levels.
The new launches come shortly after Paytm’s parent company, One97 Communications, completed the migration of its merchants from Paytm to new payment system provider (PSP) bank handles for UPI payments.
The fintech had earlier on April 17 announced that it had started the process of moving its customers to other partner payment service provider (PSP) banks, such as Yes Bank, Axis Bank, SBI, and HDFC Bank.
The development followed the Reserve Bank of India’s (RBI) late-January prohibition on the fintech giant’s payments bank Paytm Payments Bank (PPBL) from taking on new deposits or processing UPI transactions due to regulatory violations.
Following this, Paytm worked with a plethora of banks to guarantee that its operations ran smoothly in the aftermath of the RBI crackdown.
During the webinar, Sharma stated that Paytm Payments Bank is an independent organization, and that he or anybody else from One97 Communications has no ties to the payments bank.
It is worth noting that Sharma left the payments bank’s board in February of this year, after which the bank appointed a raft of new board members. Earlier this month, Paytm Payments Bank CEO and MD Surinder Chawla resigned.
