Paytm has launched a new NFC Card Sound box. This sound box will not need to be charged. Also, there will be no need to put a paper roll in it. Paytm’s Managing Director Vijay Shekhar says that this increases the cost of a merchant. Therefore, we have come up with a system in which card payment will be done through QR Code and the sound box will also be in it.
Vijay Shekhar further said that there is only one purpose of launching this sound box. Shopkeepers can receive more payments at the lowest cost. That is why, Paytm has launched India’s first NFC Card Soundbox which is a two-in-one mobile QR payment device that combines NFC card payment technology with mobile QR payments.
Paytm’s Managing Director says that the shopkeeper has to charge EDC. Also, paper roll has to be kept. Due to this, their expenses also increase and time is also wasted. The rental of the same machine also costs.
Vijay Shekhar further told that all card networks work on Soundbox. Payment is made on Paytm soundbox by tapping the card on the QR code – this is new in the payment system. Not only will this…Soundbox also give payment notifications in regional language.
Paytm has used Near Field Communication technology in this new soundbox. Vijay Shekhar has claimed that this is new in the market. The rent of this machine will be the same as that of soundbox – merchants will be able to make UPI and card payments from the same machine. Apart from this, Paytm is launching customized QR code for merchants.