In a digital age dominated by UPI (Unified Payments Interface), transactions ranging from a single rupee to substantial amounts have become commonplace.
The advent of Paytm’s Sound Box payment system, designed to swiftly update merchants about UPI payment statuses, has proven highly effective.
This innovation promptly notifies shopkeepers when payments are credited to their bank accounts, eliminating the need to check phones or bank statements.
Inspired by the triumph of Sound Box, both PhonePe and BharatPe have introduced their own versions. Now, Reliance is poised to follow suit with its upcoming Jiopay sound box.
Jiopay Sound Box launch details
Reliance Industries, led by Mukesh Ambani, is diligently developing a sound box payment system for the Jio Pay app.
Current reports from TechCrunch suggest that Reliance is testing its proprietary sound box internally, engaging employees at select brick-and-mortar stores.
While the trial is presently limited to Reliance’s premises and not accessible to external merchants, this venture is certainly indicative of the company’s innovative strides.
When a customer employs Jio Pay for a transaction, this sound box articulates the payment details, vocalizing the amount that has been credited to the account.
Simplifying Transactions for Merchants
The merits of the sound box payment system for merchants are particularly evident during bustling periods when time is of the essence.
Shopkeepers can instantly receive payment information without needing to consult their mobile devices or ascertain the customer’s payment status. This real-time update capability serves as a bulwark against counterfeit or erroneous payments.
PayTM adds New Features
Determined to set its sound box apart, Paytm has introduced an extra touch of innovation: integrated music functionality.
In quieter moments, shopkeepers can indulge in their favorite tunes, adding a unique touch of entertainment to their workday.
