Paytm, an Indian e-commerce payment system and digital wallet company launched its own wallet i.e., Paytm wallet in 2014. It is being widely used by many users, retailers and more to send/receive money easily. Now, Paytm is testing a nifty new device known as Paytm SoundBox that is aimed to streamline offline payment systems and is tailored for retailers as well as customers. We spent some time with the SoundBox, and here is the first look. Many people use Paytm to make transactions in shops, petrol pumps, hotels, etc and currently, and they make the payment by scanning the QR code or share an OTP with the retailer to confirm the payment. In this process, the retailer has to share the QR code first, the user makes the payment and then the retailer has to wait until they receive a confirmation SMS on successfully receiving the amount. More often than not, retailers don't receive the SMS instantly and there is a delay. Paytm aims to solve this issue and streamline the process with the Paytm SoundBox. What is Paytm SoundBox and how does it work? Paytm SoundBox is a speaker that will act as a voice-activated POS (point-of-sale) machine for the retailer. Once a ...
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