ToneTag completes RBI cohort for voice-based payments system

  • Bengaluru headquartered voice-based payments solutions provider ToneTag has completed the first cohort under the Reserve Bank of India’s sandbox for retail payments.
  • The market for voice based payments is over 600 million users, the company said.
  • Voice based payments are akin to any wallet based payments, but differ in the sense that an internet connection, or a third-party application will not be necessary to complete payments.

[Via]

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