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1h ago

Paytm Debuts AI Soundbox for Merchants at Global Fintech Fest as Shares Climb

The device folds multilingual, real-time business intelligence into Paytm’s payment hardware and introduces a token-based model for AI usage.

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Paytm unveils India’s first AI soundbox for merchants, shares jump 2.5% after launch
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Overview

  • Unveiled in Mumbai at the Global Fintech Festival, the Soundbox upgrades Paytm’s alert device into an AI-powered assistant for merchant operations.
  • It delivers instant summaries, business insights and financial intelligence in 11 Indian languages for small, medium and large businesses.
  • The Android-based unit features dual displays, supports dynamic QR, tap and insert-card payments, and connects over 4G and WiFi.
  • An exchange filing says the product comes with a fair‑use AI token subscription, with the option to bill for additional AI usage.
  • One97 Communications shares rose up to about 2.5% intraday and closed just over 1% higher, as CEO Vijay Shekhar Sharma underscored an AI-first strategy and called for India’s AI sovereignty.