Paytm launches NFC soundbox that doubles up as card payment machine

Payments major One 97 Communications, which runs the brand Paytm, on Tuesday unveiled a card soundbox, which doubles up as a card payment device.

"It democratises access to secure NFC card-reading technology for small shops, empowering them with affordable devices for comprehensive payment acceptance, including credit or debit cards and UPI. Customers can simply tap a card or scan a QR code to make payments," the company said in a statement.

A Paytm spokesperson said, “With the Paytm NFC Card Soundbox, merchants can seamlessly receive mobile payments from any UPI app and accept NFC-based debit and credit cards, all through a single device. This makes the Paytm NFC Card Soundbox the ultimate offering for offline merchants across the country.”