Fintech Major Partners with RBL Bank to Offer Its Pioneering Soundbox and Card Machines to the Bank’s Merchant Partners

By integrating Paytm's technology, RBL Bank is empowering its merchant base with seamless and reliable transaction processing capabilities.

Paytm, a leader in India's digital payment landscape, has forged a strategic partnership with RBL Bank to extend its cutting-edge Soundbox and card machine solutions to the bank's extensive network of merchant partners. This collaboration aims to accelerate the adoption of digital payments, offering RBL Bank's merchants’ access to Paytm's user-friendly and highly efficient payment tools. By integrating Paytm's technology, RBL Bank is empowering its merchant base with seamless and reliable transaction processing capabilities.

The alliance provides RBL Bank's merchants with access to the robust Paytm for Business dashboard, enabling real-time transaction monitoring and instant settlement, significantly enhancing operational efficiency and transparency. Furthermore, Paytm's diverse payment devices support a wide array of payment methods, including UPI, RuPay credit card on UPI, UPI Lite, debit and credit cards, and EMI options from leading financial institutions. This comprehensive support ensures that merchants can cater to the varied preferences of their customers, facilitating smoother and more flexible transactions.

Paytm's innovative Soundbox, a pioneering solution in the Indian market, has transformed in-store digital payments with its instant audio confirmations. The introduction of the NFC Card Soundbox further enhances this capability, enabling 'Tap and Pay' transactions for debit and credit card users and even accepting payments from international tourists. The multilingual audio alerts, available in 11 languages, build trust and accessibility. Complementing the Soundbox, Paytm's card machines (EDC devices) offer secure and efficient payment acceptance, with the added benefit of low and zero-cost EMI options through Paytm's extensive network of partner banks.

Beyond hardware solutions, Paytm continues to drive innovation in digital payments by offering users the ability to link bank accounts, create UPI IDs, and execute seamless transactions, including self-account transfers, peer-to-peer payments, and online and offline purchases. Features like UPI Lite for small-value transactions, RuPay Credit Card linking on UPI, and auto-pay services further enhance the user experience. Moreover, Paytm's expansion into international UPI payments in countries like the UAE, Singapore, and France demonstrates its commitment to broadening the reach of digital payments globally.

About One 97 Communications Ltd (Paytm)

Paytm is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytm’s mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

Disclaimer: The article is for informational purposes only and not investment advice.