After cards, phones, and smartwatches, the payment method is ‘pay by car,’ which was introduced by Amazon and Mastercard-backed ToneTag. The service was made possible by connecting UPI to the car’s entertainment system. An automobile owner can make payments online without using a smartphone.
This technique was presented by the payment company, which specializes in utilizing sound to send payment information, in collaboration with MG Hector and Bharat Petroleum.
When a client reaches a fuel station, the fuel dispenser number is shown on the car’s infotainment system, and the soundbox announces the customer’s presence to inform the fuel station workers. Customers then enter the amount they desire to purchase fuel for, which is communicated over the soundbox, resulting in a contactless transaction.
According to the business, other possibilities include charging the car’s Fastag, with the balance shown on the infotainment panel.
ToneTag had already completed the task of developing an offline voice-based payment over any phone under the RBI’s sandbox. The goal was to make payments possible for individuals who are not technologically literate or find it difficult to use applications.
ToneTag also released conversational payments on UPI in cooperation with NPCI at the Global Fintech Fest, allowing bill payments over the phone. ToneTag is the first startup to use sound to allow contactless payment acceptance on point-of-sale equipment. Kumar Abhishek set up the firm in 2013.