Voice-based financial transaction: ToneTag completes RBI's first cohort for retail payments
The Hindu
ToneTag said it has received multiple Indian and global patents, giving it IP moat for scale up in India and other geographies
Voice-based financial transaction is soon going to become a reality as the Reserve Bank has given approval to ToneTag, a hardware-agnostic sound wave tech solutions provider, for such payments. ToneTag has completed the first cohort under the Reserve Bank of India (RBI) sandbox for retail payments, the company said on September 14. Testing was done in rural and urban areas in Karnataka and Bihar, involving transactions up to ₹1,000.More Related News