ToneTag leverages sound wave technology to enable payments and customer engagement services on any device, independent of the instrument or infrastructure. ToneTag requires a proprietary software development kit (SDK) on the merchants’ device, such as EDC terminal or POS or phones and customers’ mobile banking or payment apps.
As part of the investment, the platform will integrate its technology with Amazon’s payment app Amazon Pay.
The platform works with partners including ICICI Bank, Yes Bank, Freecharge, Airtel, and Mastercard, among others that have integrated with ToneTag.
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