Indian mobile payment platform Paytm is trialling a Sound Pay feature that will enable users of its mobile app to make in-store payments via ultrasonic sound waves which transmit data — including payment amount and customer credentials — to the point of sale. “Once the consumer’s app transmits data, the seller’s app checks whether there is enough money in the Paytm wallet before the transaction is completed,” Economic Times reports.
- Australian banks set to abandon Apple Pay boycott
- Tappy Christmas! Save the Children raises money with contactless jumpers
- Bayern Munich adds NFC ticketing for Apple users at Allianz Arena
- Barclays lets customers use their mobile banking app to restrict the type of stores their card can be used in
- Guess unveils fashion watches with contactless payment bands