Jio Payments is Reportedly Testing Soundbox For Merchants 3f2m3j Could Launch in 2024

As per reports, Jio Payments has already conducted two sets of pilot runs for its soundbox in tier-2 cities. 6q3o4w

Written by Manas Mitul | Updated: 12 March 2024 19:07 IST

Jio Payments is Reportedly Testing Soundbox For Merchants, Could Launch in 2024

Photo Credit: Reuters 3v6d2p

The possible price of the Jio Soundbox remains unknown

Highlights

Jio Payments’ soundbox will reportedly launch in 8-9 months
Soundboxes help merchants payments made using audio notifications
Soundboxes also carry merchant’s QR code and act as point-of-sale device

ment

Paytm, PhonePe, and BharatPe. The company has already conducted two pilot projects with the device and could launch the Soundbox by the end of 2024.

According to a UPI) platform and a biller platform. This would further extend Jio's reach into the market as it can offer its entire payment solution stack as a package.

The report highlights that Jio Payments has conducted two runs of the pilot project in tier-2 cities and smaller metro cities such as Jaipur, Indore, and Lucknow. With the successful completion of the pilots, the devices are now showing up in Jio's retail outlets in tier-1 and metro cities. The Jio Soundbox reportedly functions similarly to devices by Paytm and PhonePe.

OnePlus Ace 3V Confirmed to Launch Later This Year With AI Features

It is believed to get the form factor of a small speaker and sends audio alerts for successful payments. Further, the report highlighted that the soundbox can double as a point-of-sale unit with the merchant's QR code added on top of it.

The public launch of the soundbox is reported to occur within eight to nine months, which means there is a high chance that the device will be unveiled in the ongoing calendar year. The revenue model of the Jio Soundbox is expected to follow the same template as its competitors with an upfront fee followed by monthly subscription charges. For reference, the standard Paytm Soundbox comes at the price of Rs. 1, and a monthly charge of Rs. 125. At launch, PhonePe's soundbox was priced at Rs. 50 and had a monthly subscription fee of Rs. 50. While the price or subscription fee of Jio Soundbox is not known, it is likely to be kept along the same lines.

Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

links may be automatically generated - see our ethics statement for details.

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Soundbox

Akash Dutta Email Akash Dutta

Akash Dutta is a Senior Sub Editor at Gadgets 360. He is particularly interested in the social impact of technological developments and loves reading about emerging fields such as AI, metaverse, and fediverse. In his free time, he can be seen ing his favourite football club - Chelsea, watching movies and anime, and sharing ionate opinions on food. More