Five news stories.
• Should ToneTag be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should ToneTag be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
India’s ICICI, IDFC First and Kotak Mahindra banks have begun enabling selected merchants to accept contactless in-store payments made using the retail version of the prototype digital rupee as part of the first phase of the Reserve Bank of India’s retail central bank digital currency pilot... More
Amazon backs Indian startup to replace cash with contactless payments — Bloomberg — “Amazon.com Inc wants to pilot contactless payments to boost the adoption of its payment processing service, Amazon Pay, for offline transactions in India, two people privy to the development told BloombergQuint… Amazon is looking to roll out contactless payments in the next two to three months, one of the persons quoted above said. It may start with offering the service for its Prime subscription members.”
India’s Yes Bank is to integrate ToneTag’s sound-based contactless payments system into its Yes Pay mobile wallet, The Economic Times reports... More
Indian consumers can now make payments at participating retail locations using their mobile device and sound based technology developed by startup ToneTag. The feature has been integrated into MoboMoney, an NFC payments platform launched by information technology provider Tech Mahindra in December 2015, to extend the service to a greater number of mobile devices and merchants across the country. More
Indian mobile payment provider ToneTag, which enables contactless payments through mobile phones using sound waves or NFC technology, has raised US$1m from Reliance Capital... More