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Aarihant Aaryan

Prev- Founder & CEO ... • 1y

Soundbox - why is it a great product but not a great business? Soundbox is not just a speaker, it's configured to note debit and credit payments, it has an integrated sim in the speaker that notes the notification and communicates it Soundbox is de

Praveena J

Stay Hungry, Stay Fo... • 1y

Bro do you think they are making these soundboxes for free or just a little amount in exchange for a subscription fees, absolutely not, they are investing that amount in exchange of the transaction data, which is a goldmine in today's world, which will help them in creating their next business ideas like lending to the merchants bye using the average daily transaction values. They can dedut a fixed % of the amount from every transaction the merchant recieves which will make win win situation for both merchant and the company as the company gets its money back and the merchant doesn't need to worry about saving the money to pay everyday/week/month as EMIs. This is just one example, there are plenty of other also, you can get to know about it in THINKSHOOL YouTube channel's video.

2 Replies

Replies (2)

yashnalawat

Hey I am on Medial • 1y

Bro if companies started to take % in every transaction price will be higher then normal .locals, they will compair it with other merchants and make their decision the local population will go with the merchant who don't have soundbites this will cause loss for merchants and company both in result every merchant stop taking sound box services,merchants will start ignoring soundboxes

1 Reply

Venkatesh HR

CA student and aspir... • 1y

Could you please tell me why you said transaction data is like goldmine?

1 Reply

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Is adding UPI deep links in an app (where users can scan existing merchant QR codes, enter amount, and pay via their UPI app) legal, or do I need an RBI license or Payment Aggregator approval for this?

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