Soundpod by Google Pay
Google is actively working on a Soundbox for the India market, similar to the Paytm or PhonePe ones that you see at your neighbourhood shop which gives a sound alert on the digital payment that has been made. The search giant is piloting a soundbox of its own in the country to alert sellers of confirmations for Unified Payments Interface (UPI)-based payments. The company has branded them as ‘Soundpod by Google Pay’ and is currently distributing it as a pilot with some shopkeepers in north India, including Delhi. The Soundpods are being built by Amazon-backed ToneTag, the report mentioned.
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The ‘Soundpod by Google Pay’ is accompanied by a QR code of a merchant linked with their Google Pay for business account. Users can use any UPI-based app to make a payment by scanning the code. The UPI, ended 2022 on a high note, as the volume of transactions touched a record 7.82 billion in December, amounting to Rs 12.82 trillion, again a record high. According to data by the National Payments Corporation of India (NPCI), the volume of transactions in December was up 7.12 per cent compared to November.
Important takeaways for all competitive exams:
- Google Founders: Larry Page, Sergey Brin;
- Google CEO: Sundar Pichai (2 Oct 2015–);
- Google Parent organization: Alphabet Inc;
- Google Founded: 4 September 1998;
- Google Headquarters: Mountain View, California, United States.