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Google Soundpod is coming to India and NO, it is not a smart speaker

18Jan

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Technology

Google Soundpod is coming to India and NO, it is not a smart speaker

[ad_1] Google Pay is testing its Soundpod in India to be used by merchants for verifying payments. All details here. Have you observed those small speaker-like devices from Paytm or PhonePe at your local grocery store, announcing loudly “Rs. XX received on Paytm”? These are called soundboxes and have been in use in the market since 2020. These device simply convey an audio confirmation of the payment you made to the merchant, thereby negating the need to show your phone's display. It seems that Google Pay is also wanting to jump in on the bandwagon with its Soundpod.Although the name is fancy, Soundpod will essentially be a similar device that will help merchants with audio confirmation upon receiving a new payment from a customer. Based on a report from TechCrunch, Google Pay has alr...

After RBI criticises Axis Bank for missing UPI bus, MD & CEO reacts

[ad_1] After being chided by RBI brass for missing the UPI bus by not investing early, a top executive of Axis Bank on Thursday said banks do not have money to burn. After being chided by RBI brass for missing the UPI bus by not investing early, a top executive of Axis Bank on Thursday said banks do not have money to burn for building such businesses. "We didn't have ₹3,000 crore of money to make a loss on," was the quick response of Amitabh Chaudhry, the managing director and chief executive of the third largest private sector lender, when asked to comment on RBI Deputy Governor T Rabi Sankar's weekend statement. Speaking at an event organised by brokerage Motilal Oswal, Chaudhry further said businesses like Unified Payments Interface (UPI) are loss-making and also lack cash fl...

Facing internet issues while sending money via UPI? Send it offline via UPI Lite

[ad_1] NPCI recently introduced the offline method of transferring money via UPI Lite. Know how you can use it. Do you often face internet issues while making payments via UPI? If yes, then NPCI has solved your problem allowing you to make online payments without even connecting to the internet. Since many of us depend on UPI and other online payment methods for most of the transactions, it sometimes becomes irritating when a transaction fails. One of the major reasons for transaction failure or slow transaction process is poor network connectivity. However, NPCI resolved this issue by introducing a new app UPI Lite to carry out the offline method of transferring money. Here's how you can use itHow to set up your offline UPI ...