Infibeam Avenues Limited — Updates, 31-12-2024: Press Release

Infibeam Avenues Limited has unveiled the CCAvenue SoundBox, a new tap-to-pay point-of-sale (POS) device designed for offline payments. Approved by key card networks, this device enables retailers to process contactless transactions quickly and securely, catering to the growing demand for digital payment solutions.

The CCAvenue SoundBox boasts several features, including offline capabilities to function even in low-connectivity areas, an intuitive interface for faster checkouts, robust security that adheres to global standards, and the generation of unique dynamic QR codes for each transaction. The device also includes an integrated soundbox for real-time audio confirmations of payments, enhancing operational efficiency for merchants.

Mr. Vishwas Patel, Jt. Managing Director, emphasized that this launch represents a significant advancement for Infibeam in redefining the payment ecosystem and advancing India’s digital economy. Following successful pilot collaborations with thousands of merchants, the rollout is expected to strengthen Infibeam's position in the fintech market, highlighting a positive outlook for future growth and innovation.