Merchants can also validate customer payments instantly in Bengali, without having to check the customer’s phone screen or wait for the payment confirmation SMS from the bank, especially during peak business hours.
PhonePe SmartSpeakers are currently being utilized by merchant partners across 19,000 pin codes (covering over 90% of the country). The company had launched SmartSpeakers last year, to provide reliable and convenient payment tracking at stores. Within a short span of time, PhonePe has seen record-high deployment of over four million SmartSpeakers across the country. This is the fastest ramp-up seen for such devices among offline merchants nationwide.
Some of the features that make PhonePe SmartSpeakers stand out in the market include portability, a best-in-class battery, great audio clarity even in the noisiest of environments, and the compact and versatile form factor which allows merchants to use it even in the most congested counter spaces. Earlier merchants using feature phones relied heavily on SMS, but now with the PhonePe SmartSpeakers, their payment validation experience has been significantly eased. PhonePe SmartSpeakers come with up to 4 days of battery life, data connectivity, a dedicated battery level LED indicator for ease of use, audio alerts for low battery level, and a replay button for the last transaction.
About PhonePe:
PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.6 crore (36 Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% of the postal codes across India. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2023 by Trust Research Advisory (TRA).
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