Paytm has launched the Paytm Solar Soundbox, India’s first solar-powered payment soundbox, designed specifically for merchants. This groundbreaking device requires minimal sunlight for a quick charge, ensuring full-day power for seamless and uninterrupted transactions. By integrating renewable energy, Paytm reinforces its commitment to sustainability, financial inclusion, and digital transformation for small business owners.
The Paytm Solar Soundbox is an environmentally friendly solution tailored for small merchants, particularly those in rural and remote areas where electricity supply is unreliable. This innovative device runs on a low-cost alternative energy source, ensuring accessibility to digital transactions regardless of location. With this initiative, Paytm aims to promote financial inclusion while driving green energy adoption across India.
The Paytm Solar Soundbox is equipped with a solar panel on top, allowing it to auto-charge under sunlight. Additionally, it comes with two batteries:
Solar-powered battery: Charges with sunlight and provides a full day of power with just 2-3 hours of sun exposure.
Electricity-powered battery: Lasts up to 10 days without requiring recharging.
This dual-charging feature minimizes the need for frequent charging, ensuring merchants can rely on their payment device without interruptions.
The device comes with a built-in Paytm QR code, allowing customers to scan and make payments via UPI and RuPay Credit Card through UPI. This integration enhances convenience for both merchants and customers, promoting faster and more secure digital transactions.
The Paytm Solar Soundbox is specifically crafted to cater to small business owners, hawkers, cart vendors, artisans, craft sellers, flower vendors, and street merchants. It is a lightning-fast, 4G-enabled device designed to work in diverse and bustling environments.
One of the standout features of the device is its 3-watt powerful speaker, ensuring clear and loud payment confirmation notifications even in noisy surroundings. The device also supports audio notifications in 11 different languages, making it accessible to merchants across India’s diverse linguistic landscape.
Vijay Shekhar Sharma, Founder & CEO of Paytm, emphasized the company’s mission:
“We are committed to empowering India’s small merchants with technology that makes mobile payments seamless and accessible. The Paytm Solar Soundbox is a testament to our commitment to innovation, sustainability, and financial inclusion. With this Made-in-India device, we continue to pioneer transformative solutions that shape the future of payments in the country.”
Shri Pankaj Chaudhary, Minister of State for Finance, lauded Paytm’s initiative, stating:
“India’s millions of small merchants are at the center of the growth of the economy. Our government’s initiatives focus on empowering small merchants with innovations that enable ease of business. The launch of this affordable Paytm Solar Soundbox is a commendable step towards empowering small businesses, especially those in remote areas. This also reflects the vision of a self-reliant and environmentally conscious India.”
Paytm continues to redefine digital payments in India with its latest innovations, including the launch of India’s first next-generation NFC Card Soundbox. This device combines NFC technology with mobile QR payments, offering an affordable, secure, and versatile solution for millions of offline merchants.
Paytm allows users to link bank accounts and create UPI IDs for seamless peer-to-peer and merchant transactions. With advanced features like:
UPI Lite for small payments
RuPay Credit Card linking on UPI
Auto-pay services
Paytm ensures a smooth, secure, and efficient digital payment experience for users. With ‘Paytm Karo’, customers can make instant QR payments or transfer money directly to bank accounts and mobile numbers via UPI, all within a single app.
Conclusion: A Step Towards a Greener Future
The Paytm Solar Soundbox is a game-changer in India’s digital payments landscape. By integrating solar energy with financial technology, Paytm is not only promoting digital transactions but also supporting a more sustainable and inclusive economy. This initiative is set to empower millions of small merchants and reinforce India’s position as a leader in financial and green technology innovations.