Paytm Launches India’s First NFC Card Soundbox for Offline Merchants

On July 30, 2024, One 97 Communications Limited (OCL), the company behind Paytm, introduced India’s first ‘Paytm NFC Card Soundbox.’ This new payment device uses NFC technology and mobile QR codes, providing a cost-effective way for offline merchants to accept card payments.

Paytm’s new NFC Card Soundbox represents a major step forward in mobile payments. It makes secure NFC card-reading technology accessible to small shops by offering an affordable device that accepts credit and debit cards as well as UPI payments. Customers can pay by simply tapping their card or scanning a QR code.

The Paytm NFC Card Soundbox has a battery that lasts up to 10 days, so merchants don’t need to charge it often. It also provides instant audio confirmations and shows transaction amounts on a display screen. This makes daily transactions easier and helps merchants run their businesses more smoothly and cost-effectively.

Paytm spokesperson said, “We are committed to helping 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 nationwide.”

Paytm created the Soundbox, a unique and groundbreaking product that has become very popular with offline stores. It offers great convenience for merchants and supports notifications in 11 languages, including English, Hindi, Gujarati, Bangla, Odia, Marathi, Punjabi, Telugu, Malayalam, Tamil, and Kannada. With various device models available, the Paytm Soundbox caters to the different needs of offline merchants across India.

About Paytm

Paytm is a top company in India that provides mobile payments and financial services. It started the mobile QR payments trend in India and created technology to assist small businesses with payments and commerce. Through innovation and technology, Paytm aims to reach half a billion Indians and bring them into the mainstream economy.

On July 30, 2024, Paytm Limited’s share price opened at ₹501.00, touching the day’s high of ₹512.70 as of 11:34 AM on the NSE.

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