Paytm's new UPI soundbox uses sunlight for charging
What's the story
Paytm has launched a new solar-powered payment soundbox, a revolutionary device in India's digital payment arena.
The device has been specially designed to enable Unified Payments Interface (UPI) and RuPay Credit Card payments through a QR code.
This innovative solution will help cut electricity costs for merchants, making it an eco-friendly and cost-effective solution for businesses across the country.
Device features
Paytm Solar Soundbox: A dual-powered device
The Paytm Solar Soundbox comes with a built-in solar panel that can be charged even in minimal sunlight.
The device has two batteries - one powered by solar and the other by electricity.
A 2-3 hours charge under sunlight can power the device for an entire day, while the electricity-powered battery lasts up to 10 days on a single charge.
Transaction efficiency
Paytm Solar Soundbox ensures seamless transactions
The soundbox delivers real-time audio payment confirmation via a 3-watt speaker, making sure that merchants get notified clearly even in the noisiest of environments.
It supports 11 Indian languages and comes with a 4G connection for instant transaction alerts.
The feature would be especially useful for small merchants, hawkers, street vendors, and rural businesses who tend to work in areas with frequent power cuts.
Financial inclusion
Paytm Solar Soundbox: A step toward financial inclusion
Paytm's CEO, Vijay Shekhar Sharma, highlighted the company's focus on technology-driven financial inclusion.
He said, "We are committed to empowering India's small merchants with technology that makes mobile payments seamless and accessible."
He also added that the Paytm Solar Soundbox is a testament to their commitment to innovation, sustainability, and financial inclusion.