ToneTag Audio Pod lets you transact offline via sound

In today's world, technology is everywhere. Technology is involved in every little thing that we do in our lives. Even the way we make payments has evolved significantly. Today, we have different types of payment technologies available, including cards, mobile payment options such as NFC, QR codes, RFID chips, e-wallets, applications and much more.

Now adding to this long list of technology aided payments solutions, ToneTag, the sound-based proximity payment technology provider has introduced a new device called Audio Pod that can be placed anywhere to enable payments via sound without any dependency on Wi-fi or the Internet.

ToneTag Audio Pod is as simple as tapping a phone on a Pod. On tapping the phone on the ToneTag Audio Pod, the pod emits a sound wave carrying data that is received by the mobile phone. On confirmation of the same, the payment is complete.

"ToneTag Audio Pod can be used by any merchant irrespective of their scale of operations or nature of the business. This device can be that trigger which enables mass acceptance of digital mode of payments amongst merchants. In our push towards a digital economy, a device like the ToneTag Audio Pod can bring in both the merchant and the consumer segment to accelerate the digital drive,” said Kumar Abhishek, co-founder, and CEO, ToneTag.

The device enables quicker check out at stores, with transactions being completed under 3 seconds and thereby acting as a queue buster. Any issuer, merchant or acquirer can use the ToneTag Audio Pod to receive payments from any e-wallet or banking application. The biggest USP of the new device is that it works offline i.e. no data connection required.