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1 A $10 Plastic Speaker is the Most Durable Revenue Line in Indian Digital Payments

Slashdot
msmash @ Slashdot 1 place · today 05:20 EDT

A $10 Plastic Speaker is the Most Durable Revenue Line in Indian Digital Payments

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 rental fees, more than every explici

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