Pulse Energy has unveiled the Paybox, an innovative and cost-effective payment terminal designed to simplify EV charging. This app-less solution enables Charge Point Operators (CPOs) to integrate payments seamlessly, catering to 2W, 3W, and 4W EVs without requiring any hardware or software modifications. Initially rolling out in Bangalore and Mumbai, Paybox aims to make EV charging more accessible nationwide.
Key Features of Paybox
- Universal Compatibility: Plug-and-play capability allows operators to connect Paybox to any existing EV charger.
- Dynamic Payment Options: Supports UPI payments and Fastag-enabled transactions, with future integration for NFC tap-and-pay.
- Affordable and Accessible: At just one-third the cost of traditional international payment terminals, Paybox offers unmatched value.
- Real-Time Updates: Users receive updates via WhatsApp or the operator’s mobile app during the charging session.
- Inclusive Design: Enables non-tech-savvy users to easily charge their vehicles, eliminating reliance on dedicated apps.
Addressing Industry Challenges
The high cost of existing payment terminals has been a barrier to widespread EV charger adoption in India. By leveraging homegrown technologies like UPI, Paybox addresses affordability while promoting financial inclusion. This user-friendly solution also eliminates the complexity of app-based transactions, empowering a broader audience to adopt EV technology.
Future-Ready Innovation
Paybox is designed to evolve with the industry, incorporating advanced features like Fastag integration and NFC payments. With India deploying over 20,000 EV chargers, Paybox aims to transform the charging experience, ensuring compatibility with current and emerging technologies.
Founder’s Vision
Mr. Akhil Jayaprakash, Founder of Pulse Energy, stated:
'Our goal with Paybox is financial inclusion. By addressing the needs of underserved populations and simplifying adoption for CPOs, we aim to make EV charging accessible to all. We’re targeting over 5,000 daily transactions through Paybox by the end of H1 2025.'
Supporting Green Mobility
Aligned with the government’s FAME initiative, Paybox supports India’s transition to sustainable mobility by enhancing EV infrastructure affordability and accessibility. The terminal’s affordable pricing and seamless integration promote widespread adoption, enabling CPOs to cater to a diverse range of users.