9th1.PNG
The firm is slowly foraying into the international market in geographies across Japan, Asia Pacific, Middle-East, Sri Lanka and South Africa. (In pic: Kumar Abhishek, Vivek Kumar Singh co-founders ToneTag)
News
This Amazon-backed startup makes digital payment possible without Internet
By www.economictimes.indiatimes.com, 09 Sep. 2019

ToneTag’s technology involves transmitting data from one device to another using sound waves and nearly 52 million customers have been benefited from this.

 

If you have ever got a toffee or candy from shopkeeper instead of loose change, you should read on.



Almost everyone has remained oddly satisfied with the arrangement of candies instead of cash, but when Kumar Abhishek was quizzed by a colleague in Singapore, he realized there’s a need for a better payment system in India, which was as easy as paying cash while being interoperable.



While many digital payment services have appeared over the years to remove the hassle of change money, they rely heavily on the Internet and smartphones, causing a big disadvantage to people using feature phones and those with poor data connectivity. This is what motivated Abhishek to rope in his pal Vivek Kumar Singh to form ToneTag in 2013. ToneTag’s in-house software and devices enable one to pay through sound waves without using the internet. This is what motivated Abhishek to rope in his pal Vivek Kumar Singh to form ToneTag in 2013. ToneTag’s in-house software and devices enable one to pay through sound waves without using the internet. Further, its application is not only limited to smartphones, but even those using feature phones.