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Financial Technology (Fintech)
New Launch31 Dec 2024, 11:20 pm

Infibeam Unveils CCAvenue SoundBox - a Tap-to-Pay POS Devices for Offline Payments with Dynamic QR, Soundbox, & Cutting-Edge Features

AI Summary

Infibeam Avenues Limited, a leading global fintech company, has announced a major milestone in its journey toward revolutionizing payment solutions. The company has received approval from key card networks for its state-of-the-art offline payment point-of-sale (POS) devices, enabling the rollout of tap-to-pay functionality across retailers and brands. The CCAvenue SoundBox — a tap-to-pay POS device, designed for simplicity, speed, and security, will empower merchants to offer seamless and contactless payment experiences offline to their customers. The device comes with contactless payments, offline capabilities, enhanced user experience, robust security, dynamic QR code generation, and an integrated soundbox for payment alerts. Infibeam’s CCAvenue SoundBox is set to be deployed across a wide network of retail stores and partner brands. The company processed transaction worth INR 7 trillion (US$ 86 billion) in FY24 and currently has over 10 million plus clients across digital payments and enterprise software platforms.

Key Highlights

  • Infibeam Avenues received approval from key card networks for its state-of-the-art offline payment POS devices.
  • The CCAvenue SoundBox offers tap-to-pay functionality for quick and secure transactions.
  • The device is designed to process payments even in areas with limited connectivity.
  • CCAvenue SoundBox comes with an integrated soundbox that provides instant audio confirmations for successful payments.
  • Infibeam Avenues processed transaction worth INR 7 trillion (US$ 86 billion) in FY24.
INFIBEAM
Financial Technology (Fintech)
Infibeam Avenues Ltd

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