PAYTM WILL LAUNCH SIM-CARD ENABLED ‘SOUNDBOX’ TO ALLOW APP-LESS TRANSACTIONS

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Highlights

  • Paytm will launch a payment device for retailers to allow app-less transactions
  • The device will come with cellular connectivity through a SIM card and will have a speaker.
  • Called the SoundBox, the device will alert the retailer once the payment is complete.

Paytm is looking to smoothen the payment process with a new smart device. Called the ‘Soundbox’, it’s a speaker with a SIM card slot attached that will act as a voice-activated POS (point-of-sale) machine for the retailer. The SoundBox will basically alert the retailer the payment is complete, instead of the retailer having to wait for an SMS on their smartphone. There could be more features to it, but as of now, it will only be used for accepting payments. A user will still have to scan the QR code on this device to make the payment. 

The device will only come with a speaker and there won’t be a camera on it. It is powered by the MediaTek MT6261 SoC that’s made specially for IoT devices. It will have 4G connectivity and will be connected to the internet to coordinate online payments on behalf of the retailer.

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