IndusInd Bank, a Mumbai-based financial services company, said that it has launched the lnduslnd Bank Soundbox, a 4G soundbox that provides instant voice-based payment alerts for its merchant customers.

According to the private sector banking group, IndusInd Bank 4G Soundbox will be beneficial for merchants who accept cash or QR payments in physical stores like kirana stores and other places. The new device will also focus on improving the reach of IndusInd Bank in digital payments.

The IndusInd Bank 4G Soundbox is a portable speaker which comes with a dedicated 4G SIM slot that is compatible across various networks for data connectivity. The 4G Soundbox will alert merchants each time customers make payments, and helps them to run their business smoothly without the difficulty of checking SMS each time a transaction has been made.

The IndusInd Bank 4G Soundbox will be made available in 11 vernacular languages, thereby helping the smallest of the smallest merchants all over India to use the device. The soundbox device from IndusInd Bank contains a 2600mAH battery for better speed and turnaround time (TAT) with 3,000 voice payments confirmation, once charged fully.

Charu Sachdeva Mathur — IndusInd Bank Head of Digital Banking & Strategy (Existing Business) said: “We have always believed, that the small merchants constitutes an integral part of the Indian economy. In keeping with this thought, we are delighted to introduce the ‘IndusInd Bank Soundbox’ that aims to enable lakhs of merchants and retailers to receive instant notification of payments received in their IndusInd Bank account.

“This 4G Soundbox will help in building greater confidence amongst merchants in accepting digital payments as they would no longer need to wait to receive the transaction success or statement in the bank app for the confirmation of payments. At IndusInd Bank, it has been our constant endeavor to bring forth product propositions that can accelerate the shift to a digital economy.”

  Banking industry news, India, IndusInd Bank