Infosys Finacle, a subsidiary of Infosys and part of EdgeVerve, has entered into a partnership with mobile payment solutions provider ToneTag to provide sound-based contactless payments solution.
The joint solution will use the sound wave technology to enable payments and interactions within the proximity.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe new payments solution will allow banks to offer contactless payments to its users through digital wallets, linked credit/debit cards, or direct debits from their accounts on traditional point-of-sale machines without the need of any extra hardware device.
The technology will feature biometrics authentication capabilities allowing consumers to quickly authenticate themselves and transact at bank branches, ATMs and retail outlets.
The voice based payments solution is delivered through Finacle Mobile Banking and Finacle Digital Wallet and will be supported on all smart phones and feature phones.
ToneTag CEO Kumar Abhishek said: “Customer experience, security and interoperability will continue to be key for financial service applications. ToneTag brings all of these to the forefront and integration with Infosys Finacle will place our innovation into the hands of more than 800 million consumers across 94 countries.”
