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.