Paytm Partners with RBL Bank to Offer Pioneering Soundbox, Card Machines to Bank’s Merchant Partners

Paytm’s parent company, One 97 Communications Pvt Ltd, has partnered with RBL Bank to strengthen digital payment adoption among the bank’s merchant partners. As part of this collaboration, Paytm will provide its Soundbox and card machines to RBL Bank’s merchant partners, providing them with easy-to-use and efficient payment solutions.

This initiative empowers RBL Bank’s merchant partners to leverage Paytm’s robust technology for secure and reliable payments. The integration of Paytm for the Business dashboard allows merchants to track transactions in real-time, providing enhanced transparency and operational efficiency.

Additionally, Paytm’s innovative payment devices support multiple payment modes, including UPI, RuPay credit card on UPI, UPI Lite, debit cards, and credit cards, along with EMI options from leading banks, offering flexibility to merchants and customers alike.

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Ripunjai Gaur, CBO—Offline Payments at Paytm, said, “Our goal is to simplify payments for merchants by providing cutting-edge solutions that enhance efficiency and trust. Partnering with RBL Bank allows us to expand the reach of our pioneering Soundbox and card machines, ensuring that businesses of all sizes can accept digital payments with ease. With instant settlements, EMI options, and diverse payment methods, we continue to innovate and support businesses in their digital growth journey."

Mr. Narendra Agrawal, Head of Branch Banking & Retail Liabilities, said, “We are pleased to collaborate with Paytm to offer merchants on our network advanced and innovative online payment solutions. This partnership aligns with our vision of enabling seamless, secure, and efficient transactions. With innovative offerings like Tap and Pay-enabled NFC Card Soundbox and feature-rich Paytm Card Machines, we are committed to supporting businesses in their digital transformation journey."

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Paytm offers user-centric innovations, allowing users to link their bank accounts, create UPI IDs, and make seamless self-account transfers, peer-to-peer transactions, and online and offline payments. It also provides UPI Lite for small-value transactions, RuPay Credit Card linking on UPI, and an auto-pay service, improving the overall payment experience.

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