|
|
|
With 5 bn Soundbox transactions processed in FY22, Paytm strengthens offline payment's pioneership
|
|
|
|
Top Stories |
|
|
|
|
IANS | 23 Sep, 2022
The adoption of digital payments in India has skyrocketed over the past
few years, and the country is now one of the leading markets in the
segment, driven by rapid adoption of online payments.
While
the digital payments revolution started off with focus on
consumer-oriented innovations, leading fintech companies are now
creating solutions for merchants to further strengthen the digital
payments ecosystem.
Being the leading digital payments and
financial services company in the country, Paytm has been the first
company to empower merchants with its range of subscription-based
payment devices, including the revolutionary Soundbox that it introduced
in India in 2019.
With over 5 billion online payment
transactions processed through its Soundbox devices in FY22, Paytm's
innovative offering continues to be the leading payment reconciliation
solution in the country.
In addition to enabling merchants with
seamless payments, the device has also helped save paper slips worth
4.43 million pounds in the past one year.
Launched in 2019, the
Paytm Soundbox created a wave among merchants in the country as it was
the first-ever device that enabled them to easily keep track of payments
received from customers. This technology has become such a success
among merchants in the country that Paytm's competitors are now
following its footsteps.
With the Soundbox technology, Paytm is
pioneering the next payments revolution in India by empowering merchants
and driving ease of doing business after having led the digital
payments revolution in India.
The Paytm Soundbox continues to be
the most preferred choice for merchants in the country as the company
has been upgrading its solution consistently to further empower
merchants with unique offerings such as credit facility, 4G connectivity
and cashbacks.
The Soundbox comes with a small portable speaker
that helps merchants with instant audio alerts on receiving digital
payments in their preferred regional language. It supports multiple
languages such as English, Hindi, Tamil, Telugu, Kannada, Marathi,
Malayalam, Bengali, Gujarati, Punjabi and Odia.
The Soundbox
works with multiple payment methods such as Paytm Wallet, Paytm
Postpaid, Paytm UPI and other BHIM UPI apps, net banking & cards,
therefore providing more flexibility and convenience to merchants.
In addition to Soundbox, Paytm's innovative payment solutions for merchants include QR payments, EDC and Payment Gateway.
In
its latest monthly operating performance update (July & August
2022), the company said it has now deployed over 4.5A million devices as
it continues to further cement its offline payments leadership.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|