Fintech firm Paytm has introduced the Paytm Card Soundbox, a new device that accepts both card and mobile payments. Priced at Rs 999, the device aims to solve payment and financial service problems for small businesses in India. Paytm’s Founder and CEO, Vijay Shekhar Sharma, stated that merchants and consumers need easy card acceptance similar to mobile payments. The device has tap and pay functionality, accepts payments up to Rs 5,000, and supports different card networks such as Visa, Mastercard, American Express, and RuPay.