Paytm has joined hands with RBL Bank to introduce its cutting-edge Soundbox and Card Machines to the bank’s merchant network, further promoting digital payment adoption. This collaboration aims to simplify transactions, enhance security, and improve efficiency for businesses across the country.
Innovating Merchant Payments with Technology
Paytm’s Soundbox has transformed in-store payments by providing real-time audio confirmations for transactions. Taking this a step further, the Paytm NFC Card Soundbox enables Tap and Pay functionality for debit and credit cards, making it easier for international tourists and domestic customers to conduct seamless transactions.
Merchants can now accept payments through multiple methods, including UPI, RuPay Credit Card on UPI, UPI Lite, debit cards, credit cards, and EMI options from leading banks. With support for multilingual audio alerts in 11 languages, the Soundbox enhances convenience and builds trust among both merchants and customers.
Additionally, Paytm’s advanced Card Machines (EDC devices) provide businesses with a secure and flexible way to process digital payments, catering to diverse customer preferences.
Real-Time Transaction Insights with Paytm for Business Dashboard
Merchants using these solutions will have access to the Paytm for Business Dashboard, which provides real-time transaction tracking and instant settlements. This level of transparency enables businesses to streamline operations and gain valuable insights into their payment collections.
Enhancing Business Efficiency with Digital Solutions
“Our mission is to make payments effortless for merchants through innovative solutions that boost efficiency and trust. This partnership with RBL Bank allows us to extend our pioneering Soundbox and card machines to a wider audience, ensuring businesses of all sizes can seamlessly accept digital payments. With instant settlements, EMI options, and multiple payment methods, we continue to drive digital transformation for merchants,” said Ripunjai Gaur, CBO – Offline Payments at Paytm.
“We are delighted to collaborate with Paytm to provide merchants with advanced and secure digital payment solutions. This partnership aligns with our goal of facilitating seamless and efficient transactions. With innovative offerings like the Tap and Pay-enabled NFC Card Soundbox and feature-rich Card Machines, we are committed to supporting businesses in their digital transformation journey,” said Narendra Agrawal, Head-Branch Banking & Retail Liabilities at RBL Bank.
Advancing Digital Payment Adoption
Through this partnership, Paytm and RBL Bank are empowering businesses with reliable, technology-driven payment solutions that simplify transactions and support business growth. By integrating advanced payment technology, they continue to enhance operational efficiency and drive digital adoption across the merchant ecosystem.
