Paytm to deploy 1 mn IoT-based devices at merchant counters by FY21 end

Paytm Soundbox is an IoT device that lets merchants get instant voice confirmation of payments in different languages

Digital financial services platform Paytm will deploy one million Paytm Soundbox devices by the end of this financial year, which is an IoT product that empowers merchants with instant voice confirmation to keep a check on payments. This confirmation can be received in several different languages, bringing more transparency to digital transactions.

The company said it has already empowered over 200,000 street hawkers, kiranas and merchants across the country with Paytm Soundbox. The device comes with Paytm All-in-QR, enabling the merchants to accept payments at zero per cent fees directly into their bank account. As soon as a transaction is completed,