By Nishant Sharma
It looks similar to Amazon’s Echo, it allows you to make payments to merchants, but it’s not connected to the internet.
Tonetag unveiled its Audio Pod last October, joining myriad cashless payment options for phones without data connections. It has since distributed 50,000 of them in India, Kumar Abhishek, co-founder of the Bengaluru-based startup, told BloombergQuint in an interview. For smartphones, Tonetag’s payment feature will be added to banking apps. For feature phones, it will work through the interactive voice response facility.
“A smartphone or a feature phone connects through sound waves when brought closer to the pod,” Abhishek said. “Once a customer brings the phone closer to the pod, he or she gets a pop-up or will have to enter a PIN if using the IVR facility. Enter the amount, and the payment is done. It’s that swift.”