India’s Paytm launches $12 ‘soundbox’ that accepts card payments

September 4, 2023 Janet Finance Comments Off

[1/2]Paytm app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBENGALURU, Sept 4 (Reuters) – Indian fintech firm Paytm (PAYT.NS) on Monday launched a ‘soundbox’ device that lets merchants accept both mobile and card payments across networks including Visa (V.N), Mastercard (MA.N), American Express (AXP.N) and homegrown RuPay.The launch of the 999 rupees ($12.08) ‘Card Soundbox’, which also provides instant audio payment alerts to prevent fraud, comes as rival Pine Labs announced a similar device at “nearly one-third of the cost of a regular Point of Sale terminal”. …
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