iServeU Partners with PAX Technology for All-in-One Soundbox Terminals
In a strategic move to drive digital payments, iServeU, a leading digital payment solutions provider, announced its partnership with PAX Technology, the global leader in electronic payment terminals. The two companies have collaborated to launch an all-in-one soundbox terminal capable of accepting QR-based payments, NFC, and EMV Dip transactions.
The partnership aims to increase financial inclusion and digital payment adoption in India, Middle East, and Southeast Asia markets. iServeU will integrate its proprietary platforms, OCTAHub and iSwara, with PAX's technology to enable seamless acceptance of digital payments and play audio notifications through the soundbox terminal.
According to Sanjeev Sandhu, CEO at PAX Technology India, "This partnership aligns perfectly with our vision of creating seamless payment experiences. We are confident that our all-in-one soundbox terminal will significantly contribute to the growth of cashless transactions in India and Southeast Asia."
iServeU's Soundbox Technology Gaining Traction
Soundbox technology has gained significant traction in India in recent years, driven by the increasing adoption of UPI as a payment method. The convenience and security brought by Soundboxes with instant audio confirmation, vernacular language support, low maintenance, and zero dependency on smartphones have enhanced the overall customer experience.
The all-in-one soundbox terminal features a 3-in-1 payment solution that supports QR Code, Chip, and Tap payments; dual interface to ensure security and privacy; built-in soundbox for instant audio notifications of transaction confirmation. The terminal is priced at a third of standard POS terminals, making it ideal for large, micro, and small merchants across various segments.
"Today we are one of the leading providers of soundbox solutions in India...and this partnership has allowed us to enhance our portfolio with an innovative product for merchants," said Debiprasad Sarangi, CEO at iServeU.
The Partnership Signals Growth Opportunites
The partnership marks a significant step towards realizing iServeU Technology Pvt. Ltd.'s vision of leading the soundbox and POS market. By investing in cutting-edge payment solutions, the company is poised to meet the evolving needs of merchants and consumers.
Tashwinder Singh, MD & CEO at Niyogin Fintech Limited, added, "This partnership marks a significant step towards realizing our vision of leading the soundbox and POS market."
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