You read that right: a speaker. Because merchants like music, electronic payments, and $8.50 hardware
Indian payments outfit Paytm has launched a point-of-sale unit that incorporates, of all things, a speaker.
Paytm boasts over 450 million users of its app, which offers a digital wallet, peer-to-peer payments over India's Unified Payments Interface, and credit card services. The biz also offers payment services to over ten million merchants – a role that has made it one of India’s most visible tech brands thanks to the ubiquity of its point of sale terminals.
Those terminals allow payment by scanning a QR code, tapping a mobile device, or using a payment card.Launched yesterday, the ₹699 Soundbox has all the payments functionality of Paytm's other point of sale kit, but includes a four-watt speaker and Bluetooth so that merchants can pump their preferred audio into their stores. The device boasts five-day battery life and charges over a USB-C interface.
Whatever audio a merchant chooses to play, its volume dips after a payment is made as the speaker announces the completion and value of the transaction in one of eleven languages. In a nation where literacy rates in some states are around 65 percent, Soundbox is therefore useful for more than entertainment.
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