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.
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