“Our recent launches of Soundbox devices demonstrate our understanding of the needs of Indian retailers and consumers. We are expanding our deployment every quarter with more and more innovative payment devices to bring technology to every small business in India,” he said.

Talking about the rapid growth of Paytm devices, Madhur Deora, Managing Director, President and Group Chief Financial Officer, Paytm said, “It has Paytm QR and Soundbox for small merchants, Paytm Soundbox, Paytm Card Machine and Paytm Payment Gateway for medium ones Merchant.” .” As a leader in in-store payments, Paytm has doubled the number of deployed payment devices such as Paytm Card Machine and Paytm Soundbox to 87 lakh across the country.

“We provide merchants with technology that can help them grow their business and enable them to live seamlessly. We will continue to innovate as we were the first to launch many products in the country,” noted Deora.

On the growth of Paytm’s QR code, Bhavesh Gupta, President Chief Operating Officer, Paytm said that there are over 5 million merchants using QR in India, most of which use Paytm’s QR code. “India is still in its early stages of growth in digital payments and will soon reach $10 million. We will see strong incremental growth. From the smallest stores to the largest, that is our focus,” he added. Bhavesh Gupta also reiterated that every form of plastic will eventually disappear and mobile payments will rule the future.

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