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A device which is redefining Payments
India, October 2017: From the invention of wheels and flint stone tools to Nano-technology and artificial intelligence, man has always produced technologies and machines that make his life easier. In today’s world, technology is everywhere! Everything we do involves technology. It is completely integrated into our lives and the two have become inseparable. Even the way we make payments has evolved significantly. Today, we have different types of payment technologies available, including cards, mobile payment options such as NFC, QR codes, RFID chips, e-wallets, applications and many more.
But what about a device that can be placed anywhere and can enable payments via sound without any dependency on Wi-fi or internet? Sounds intriguing, right? That is because we do not associate sound with payments, but with more traditional things such as music. But why should the beneficial nature of sound be curtailed or confined to producing just music? Why can’t one utilize sound based technology to make payments? Well, with ToneTag Audio Pod, you can!
“ToneTag Audio Pod is a device that can be used by any merchant irrespective of their scale of operations or nature of the business. This device can be that trigger which enables mass acceptance of digital mode of payments amongst merchants. In our push towards a digital economy, a device like the ToneTag Audio Pod can bring in both the merchant and the consumer segment to accelerate the digital drive.” added Mr. Kumar Abhishek, Co-Founder and CEO, ToneTag.
ToneTag Audio Pod is as simple as just tapping a phone on a Pod to complete a transaction. On tapping the phone on the ToneTag Audio Pod, the pod emits a sound wave carrying data that is received by the mobile phone. On confirmation of the same, the payment is complete.
ToneTag Audio Pod is a one stop solution for everything in payments.
§ Enables quick and faster checkout at stores, with transactions being completed under 3 seconds and thereby acting as a queue buster
§ Any issuer, merchant or acquirer can use the ToneTag Audio Pod to receive payments
§ Payment acceptance from any e-wallet or banking application
§ Payment experience is better when compared to prevalent methods
§ No congestion and rush at stores, giving merchants and customers a pleasant retail experience
§ Works in offline conditions. No data connection required
§ Robust build quality, combined with state of the art design features
§ Space efficient and user-friendly
