How Did Ubiquitous Paytm Soundbox Appear? Here’s Story Straight From Vijay Shekhar Sharma

Even as Paytm launches two new upgraded ‘Made in India’ soundboxes for UPI and credit card payments, Founder and CEO Vijay Shekhar Sharma goes down the memory lane. Listen as he narrates two stories of how and why the Soundbox was developed by Paytm. He recalls an incident at a Mother Dairy booth where he had to wait and watch as the hapless booth owner struggled to receive SMS payment updates on his feature phone. The other incident at a petrol pump in Hyderabad impressed upon him the need to have a ‘third party confirmation’ of online digital payments. According to Vijay Shekhar Sharma, more than a crore Paytm Soundboxes can be found across the country today enabling the smallest of vendors to seamlessly keep track of all payments.