PhonePe, India’s leading fintech platform today announced that it has deployed over 10 lakh SmartSpeakers to merchant partners across India. The company has also processed over 100 crores (1 billion) transactions via the devices, within just 3 months of launch. This has enabled the company to further strengthen its offline merchant payments across the country. Introduced earlier this year in August for reliable and convenient payment tracking at merchant locations, the company has received phenomenal feedback from merchants on the device performance. As a result, the demand for SmartSpeakers has surged amongst new merchant partners, across the urban and rural markets.
Speaking on the milestone Vivek Lohcheb, Head of Offline Business at PhonePe said, “Digital payments are now ubiquitous in India as they have helped eliminate various issues pertaining to cash transactions. PhonePe’s SmartSpeaker is a big step in providing cutting-edge payment services to our merchant partners, especially in the mass market, and this has opened up a new channel for engaging with our vast merchant base. Deploying more than 10 lakh devices in less than 3 months, marks a significant milestone given the speed & scale at which retailers have embraced this value added offering from PhonePe.’’
The PhonePe SmartSpeaker comes with dedicated data connectivity and is easy to operate without requiring any configuration, and it gets automatically linked to all the QRs in the merchant’s store. It also has a dedicated battery level LED indicator for ease of use, along with audio alerts for low battery level, a dedicated replay button for the last transaction, and supports multiple languages.