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ToneTag harnesses the power of sound to build a robust channel of data communication to enable extraordinary experiences across businesses. The technology utilizes a proprietary software which gives way for quick and easy data communication. Being a software element, it can easily be integrated into existing hardware, making it interoperable and platform independent. Protected with multiple layers of security, data security is our number one priority. The technology provides unparalleled convenience and experiences for a multitude of use cases across the payments, retail and mobility sector. We empower small merchants in remote areas to large MNCs to understand, reach and engage with their customers with a simple but futuristic technology. ToneTag was formed in 2013 in the Silicon Valley of India, Bangalore and since then we have cemented ourselves as a pioneer in sound technology. With a vision to constantly innovate, the possibilities of our technology are unlimited.
ToneTag is a sound-wave communication tech platform that allows contactless payment using the sound waves on any device, independent of the instrument or the infrastructure. With SDK integration into Merchant (mobile, POS, EDC) and customer interaction points (m-wallet, m-banking apps), users can send and receive payments without any hardware involvement.
ToneTag offers the following solution: 1. ToneTag for Payments: Enables contactless transactions by integrating ToneTag SDK with mobile apps, EDC/POS and ATM machines. 2. ToneTag for Retail: RetailPod helps retailers and merchants collect payment without using cash or card in real time. 3. ToneTag for Mobility: Its mobility solutions help customers to make cashless payments.
We charge license fee for our product with Payment instrument issuers, while with merchant acquirers, we charge a small fee on every additional transaction we bring.
ToneTag solves the proximity payment problem of the payment ecosystem. Our sound-based payment SDK enables all hardware including EDC, laptop/desktop, and mobile phones to accept digital payments without any hardware upgrade.
ToneTag has a hybrid model, where it earns a fixed revenue by way of an annual license fee and transaction revenue out of a cut in MDR.
ToneTag is a product company and is live with its partner apps like Airtel money, Freecharge, YES Pay, ICICI Pockets. ToneTag technology is presently available to 40 million customers and 25,000 merchants.
ToneTag will be live with at least 5 issuers having more than 80 million customers and nearly 50% of existing merchant ecosystem players in India having more than 500K merchants
Kumar Abhishek (CEO)
Vivek Kumar Sing (CFO)
T.V. Mohandas Pai
T. K. Kurien
Abhishek Kumar (CEO)
ToneTag has a 41-member team dedicated to building top-notch proximity technology. The team consists of technical minds with a dedicated research fellow in audio technology,extensive experience in building financial products. ToneTag is mentored,guided by industry veterans who are at leadership roles in the FinTech space.
$1M to $10M
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ToneTag is a secure sound-wave communication technology platform which enables payments and proximity customer engagement services on any device, independent of the instrument or the infrastructure.
ToneTag is a sound based proximity communication provider that enables contactless proximity communication, contactless payments, location based services and customer engagement services among a multitude of other solutions.
Enterprise - Banks or Financial Institutions
Enterprise - Retailers
Enterprise - Others
Small and Medium Business - Physical Retail
Yes Bank : Enabled sound payments in Yes Pay Wallet
ICICI Bank Limited : Enabled mobile wallet and UPI apps with Tonetag feature
Airtel : Enabled Airtel money for sound based offline payments
Bank of Baroda : Enabled sound payments in Bank of Baroda M-Connect
Freecharge : Enabling their wallet with ToneTag feature