Paytm (One97 Communications Limited) has launched the Paytm Solar Soundbox, a first-of-its-kind, solar-powered payment device designed to support merchants, particularly in rural and remote areas facing frequent power shortages. This innovative solution ensures uninterrupted payment services by using minimal sunlight to quickly charge its batteries and deliver full-day power.
It will revolutionize digital payments for small merchants in India by offering an affordable, reliable, and environmentally friendly solution that minimizes downtime due to power issues. This innovative product not only supports the nation’s green energy initiatives but also significantly contributes to financial inclusion and sustainable business practices in the region.
About Paytm Solar Soundbox
- Environmentally Friendly & Made in India: Developed as a low-cost, alternative energy solution to support India’s small shop owners and street vendors.
- Integrated Payment Features: Features the Paytm QR code to facilitate UPI and Rupay Credit Card payments seamlessly.
- Connectivity & Audio Confirmation: A 4G-connected device with a powerful 3-watt speaker ensures clear audio payment confirmations even in noisy environments. Supports audio notifications in 11 languages, catering to a diverse range of merchants and customers.
- Dual Battery System: Equipped with two batteries:
- Solar-charged battery: Provides full-day power after just 2-3 hours of sun exposure.
- Electricity-powered battery: Can sustain operations for up to 10 days without recharging.
Significance
- Enhanced Financial Inclusion: Enables merchants in areas with unreliable electricity to remain connected to the digital payment ecosystem.
- Support for Green Energy: Promotes the use of renewable energy in day-to-day business operations, reducing reliance on traditional power sources.
- Innovation in Rural Technology: Provides a reliable, cost-effective solution that addresses the unique challenges faced by small merchants, including hawkers, cart vendors, artisans, and flower sellers.
- Seamless Payment Experience: The integration of robust connectivity and multi-lingual audio notifications ensures that merchants can efficiently handle transactions, improving customer satisfaction and operational efficiency.