Paytm’s CEO Vijay Shekhar Sharma unveiled the Paytm AI Soundbox, India’s first AI-powered business assistant for small merchants. The device offers voice interaction in 11 local languages, real-time payment insights, and smarter operations—promising to democratize AI and technology adoption across India’s merchant ecosystem.
In a remarkable leap towards inclusive technological empowerment, Vijay Shekhar Sharma, founder and CEO of Paytm, introduced the Paytm AI Soundbox at the Global Fintech Festival 2025. This innovation marks a new era in fintech, transforming the traditional payment device into an intelligent business assistant tailored for small and micro merchants across India.
The AI Soundbox goes far beyond mere payment alerts by incorporating artificial intelligence features that elevate merchant operations. Merchants can communicate with the device in 11 Indian languages, asking real-time questions about sales, collections, and business performance. This localization is a game-changer, breaking language barriers and bringing AI capabilities to the grassroots.
Key Highlights:
AI-Powered Business Assistant: The Soundbox acts as a real-time advisor, providing actionable insights on payments, inventory, and customer engagement, helping merchants make informed decisions with ease.
Multi-Language Support: The device understands and interacts in numerous Indian languages, ensuring inclusivity and wider acceptance among India’s diverse merchant base.
Cutting-Edge Technology: Powered by an Android-based system, the Soundbox features dual displays—a touchscreen for interactive use and a top display for instant payment updates—offering a modern, user-friendly interface.
Versatile Payment Options: It supports dynamic QR codes, tap, and card transactions, making it suitable for both indoor and outdoor setups such as retail stores, restaurants, and street markets.
Connectivity & Flexibility: Equipped with Wi-Fi and 4G, the device promises reliable performance, even in high-traffic or remote areas. Additionally, a fair-use AI token model offers scalable access to advanced features as per merchant needs.
Vision for Inclusivity: Vijay Shekhar Sharma emphasized democratizing AI to empower millions of small businesses, enabling faster scaling and heightened operational efficiency.
Global Recognition: The launch attracted international attention, highlighting India’s growing leadership in fintech innovation.
Economic Impact: The Soundbox aligns with India’s intelligence revolution, supporting MSMEs as key drivers of economic growth and technological adoption.
This breakthrough device symbolizes Paytm’s commitment to making AI accessible, safe, and effective for local businesses, promising to transform India’s merchant landscape.
Sources: Economic Times, Paytm Blog, NDTV, Angel One, YouTube