Paytm launches India's first AI Soundbox for merchants; shares climb 2.5%
At GFF Mumbai, Paytm unveiled an Android-based AI Soundbox supporting dynamic QR, tap, and card payments in 11 Indian languages, targeting small retail merchants. Shares hit an intraday high of Rs 1,254.60 before settling 1.4% higher at Rs 1,241.20.
Paytm launched the AI Soundbox, billed as India's first AI-powered merchant device, at GFF Mumbai. The Android-based device supports dynamic QR, tap, and card payments, aids small merchants across retail, and lifted Paytm shares 2.5%.
Why this matters
The AI Soundbox extends Paytm's aggressive AI push, following plans for 4,000 AI-led hires through March 2027 and a 1% post-appraisal staff trim, signaling deeper automation across its merchant business.
Retail-company signals steady at 4,102 over the last 90 days.