![Paytm launches 'Card Soundbox' to allow both QR & card payments](https://images.assettype.com/fortuneindia%2F2023-06%2F7622dd89-8c9a-431c-951e-f2c00bf94f80%2FPaytm_Office_IMG_1680_copy_2__1_.jpg?w=300&q=95)
Paytm launches 'Card Soundbox' to allow both QR & card payments
The company aims to solve two problems for merchants — accepting card payments along with getting instant audio alerts for all payments
The company aims to solve two problems for merchants — accepting card payments along with getting instant audio alerts for all payments
Card payments value in India registered a growth of 26.2% in 2022, and the momentum is expected to continue in 2023
Share of card transactions in overall payment systems dipped from 30.6% in 2017 to 14.7% in 2020. Decline can be attributed to UPI and lesser use of cards at PoS terminals due to Covid curbs