Axis Bank and Mastercard Introduce NFC Soundbox

In a groundbreaking collaboration, Axis Bank and Mastercard have launched the NFC Soundbox, set to redefine payment experiences in India. This innovative device is poised to be an all-in-one solution, enabling users to accept various payment methods such as Bharat QR, UPI, Tap & Pay, and Tap + Pin.

Key Features of NFC Soundbox

The NFC Soundbox by Axis Bank and Mastercard heralds a new era in payment technology, boasting several key features:

Tap + Pin Capability

Axis Bank pioneers the introduction of Tap + Pin payments in India, facilitating transactions exceeding Rs 5000 via card instruments.

Dual Confirmation Feature

Ensuring a seamless and secure transaction experience, the device provides audio cues through its speaker and visual feedback on the screen, available in over seven languages.

Superior Connectivity

Equipped with 4G + Wifi capability, the Soundbox ensures superior connectivity for seamless transaction processing.

Support for Leading Payment Networks

The device is compatible with all major payment networks including Visa, RuPay, and American Express, enhancing accessibility and convenience.

Dynamic QR Integration

Simplifying the payment process, the NFC Soundbox supports Dynamic QR, automatically populating the amount when scanned by the consumer.

Statements from Axis Bank and Mastercard

Sanjeev Moghe, President & Head- Cards & Payments, Axis Bank, emphasizes the bank’s commitment to innovation, prioritizing a faster and secure payment ecosystem. Gautam Aggarwal, Division President, South Asia at Mastercard, commends India’s digital payment innovation, citing the NFC Soundbox as a prime example of accessible, secure, and cost-effective payment solutions for small merchants.

 

Piyush Shukla

Recent Posts

Which is the State Bird of Uttarakhand? Know the Name

Every state in India has its own special symbols that represent its natural beauty and…

18 mins ago

Which is the Largest Mughal Fort in India? Know About It

India has a rich history filled with many powerful empires, and one of the most…

2 hours ago

Sabyasachi Couture Appoints Manish Chopra as CEO

Sabyasachi Couture, the iconic Indian luxury fashion house, has appointed Manish Chopra—former Shein India executive—as…

2 hours ago

Himachal Launches My Deed NGDRS Pilot Project For Land Registration

On July 11, 2025, the Himachal Pradesh government, under the leadership of Chief Minister Thakur…

3 hours ago

Germany vs South Korea: Engineering Excellence and Innovation Race

Germany and South Korea are two of the world's most advanced countries, known for their…

3 hours ago

Current Affairs 17th July, 2025

National News India's Second Longest Cable-Stayed Bridge Inaugurated in Karnataka Union Minister Nitin Gadkari inaugurated…

3 hours ago