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India’s digital payment platforms process trillions of dollars a year through UPI, the government-built real-time payments rail that handles more than 90% of all payment transactions in the country, but one of their largest net revenue line items is not a payment product at all: it’s a cheap plastic speaker that sits on a shopkeeper’s counter and reads out incoming payments aloud.
The roughly 23 million soundboxes deployed across India earn about $220 million a year in…
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India’s digital payment platforms process trillions of dollars a year through UPI, the government-built real-time payments rail that handles more than 90% of all payment transactions in the country, but one of their largest net revenue line items is not a payment product at all: it’s a cheap plastic speaker that sits on a shopkeeper’s counter and reads out incoming payments aloud.
The roughly 23 million soundboxes deployed across India earn about $220 million a year in…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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