Paytm shares jumped 5% today. Here's why - Learning sharks-Share Market Institute

On the BSE, Paytm shares increased 4.92 percent to settle at Rs 800.25. The business claimed that Paytm Pocket Soundbox, which is as small as a debit card and fits in a pocket, gives merchants who are constantly on the go more leverage.

With these new devices, we continue to lead technology for small shops of India,” Paytm said. — *According to Paytm, their Music Soundbox app lets business owners manage their payment transactions while listening to music on their Bluetooth-enabled smartphones.*

INTRODUCTION

One 97 Communications Ltd. (Paytm) saw a 5% increase in its stock price on Monday after introducing two new products, the Paytm Pocket Soundbox and Paytm Music Soundbox, which are expected to increase the company’s user base.

79 lakh businesses currently pay subscription fees for Paytm’s payment systems, including Soundbox and Paytm Card Machines.

Paytm Pocket Soundbox, according to the business, is as small as a debit card and can fit in a pocket.

On the BSE, the stock increased 4.92 percent to close at Rs 800.25. The Paytm Music Soundbox also functions as a speaker.

Notifies users of payments and can be paired with a phone to play music through bluetooth, according to Paytm.

The revolutionary Paytm Pocket Soundbox is a portable device with all the potent capabilities of the well-known Paytm Soundbox.

Additionally, a special speech overlay feature lets the merchant hear payment alerts over the music playing, according to Paytm.

Paytm Music Soundbox and Paytm Pocket Soundbox, according to founder and CEO Vijay Shekhar Sharma, are made to make life easier for retailers.

Payment warnings and lifestyle problems are both solved. With these new gadgets, we maintain our technological leadership for India’s small businesses, according to Paytm.