Paytm’s Soundbox has been making not only news but also a huge impact for small-scale businesses in India. The unique concept let merchants read out digital payment receipts from the tiny, budget-friendly speakers. Business tycoon Nithin Kamath was thoroughly impressed by this and took to Twitter to express his views.

The Zerodha CEO took a moment out to appreciate the innovation of Paytm and said that India needs unique ideas to truly flourish. His post got more than154K views and was liked by over 3K followers. Paytm CEO Vijay Shekhar Sharma was glad to catch attention of the entrepreneur on this matter and appreciated Nithin Kamath for his kind words. His Tweet even got endorsement from several other business personalities such as Rajeev Mantri and Shishir Gupta.

All these praised the idea of making products specifically for Indian context and the world-class innovation by Paytm’s pioneering technology team.

Paytm is an Indian e-commerce payments system and financial technology company founded in 2010 by Vijay Shekhar Sharma and owned by One97 Communications. It offers digital wallet and payment services for both online and offline purchases. The company provides a platform to customers where they can pay bills, buy tickets, transfer money from one user to another, make online and offline payments, and do other financial activities. With over 300 million registered users, Paytm has become the go-to financial services copmany for customers.

Nithin Kamath is a co-founder of Zerodha, an Indian financial services company which offers trading in stocks and investments. The company was founded in 2010 by Nithin and his brother, Nikhil. He recently made his debut in the 2023 Forbes Billionaires List. Nithin has a keen eye for spotting innovative solutions and has always been a source of inspiration to businesspeople all over the world. He is an advocate of India-made products and his appreciation for Paytm’s Soundbox has set the right example for entrepreneurs.