Which payment company has unveiled the Card Soundbox, a device that allows merchants to accept both mobile and card payments, including Visa, Mastercard, American Express, and RuPay, through its Soundbox &  will assist merchants in scaling their businesses by offering a "tap and pay" solution via credit and debit cards?

Solution

Paytm has unveiled the Paytm Card Soundbox, a device that allows merchants to accept both mobile and card payments, including Visa, Mastercard, American Express, and RuPay, through its Soundbox. This new product will assist merchants in scaling their businesses by offering a "tap and pay" solution via credit and debit cards.  The Card Soundbox addresses two critical issues for merchants: accepting card payments and receiving instant audio alerts for all transactions. This device combines the efficacy of a POS unit, UPI QR code card, and even a soundbox confirming the transaction. The combination of Soundbox technology with Near Field Technology (NFC) or contactless debit and credit card payments aims to be the single-point payment method.        Key Features: o   Built-in "tap and pay" functionality for card payments up to ₹5,000. o   Powered by 4G network connectivity for fast payment alerts. o   Features a 4W speaker for clear payment alerts. o   Long battery life of up to five days. o   Offers alerts in 11 languages, customizable by the merchant through the Paytm for Business app. o   NFC-enabled smartphone users can make payments using the tap feature.