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| Fasttag and ToneTag |
Imagine driving up to a fuel station, and instead of reaching for your wallet or smartphone, your car takes care of the payment seamlessly. Thanks to innovative technology, the future of payments is evolving, and 'pay by car' is at the forefront. In this article, we'll explore how ToneTag, backed by Amazon and Mastercard, is bringing this futuristic payment method to life and making digital transactions more accessible to everyone.
The Emergence of 'Pay by Car'
In the ever-evolving world of digital payments, 'pay by car' is the latest innovation. ToneTag, in collaboration with industry giants Amazon and Mastercard, has introduced a groundbreaking service that integrates the Unified Payments Interface (UPI) with your car's infotainment system. This innovation is set to redefine convenience in digital payments, eliminating the need for smartphones or handheld devices.
MG Hector and Bharat Petroleum Partnership
MG Hector, in partnership with Bharat Petroleum, is at the forefront of implementing this cutting-edge technology. They recently showcased a system that allows you to make payments directly from your car. This advancement has the potential to revolutionize the way we make payments, making transactions safer and more convenient.
How 'Pay by Car' Works
The 'pay by car' system operates seamlessly. As you drive up to a fuel station, your car's infotainment system displays the fuel dispenser number. Simultaneously, a soundbox within your car alerts the station staff to your arrival. You can then enter the desired amount for your fuel purchase, and the same soundbox confirms the amount. This secure and contactless transaction enhances both convenience and safety.
Beyond Fuel Payments
The applications of 'pay by car' extend beyond fuel purchases. This technology also offers the convenience of recharging your car's Fastag. The current balance is displayed on the infotainment screen, providing a comprehensive solution for all your vehicle-related payments.
ToneTag's Innovation Journey
ToneTag's journey towards this groundbreaking innovation began with the successful development of an offline voice-based payment system within the Reserve Bank of India's (RBI) sandbox. The primary objective was to empower individuals who may struggle with app-based payments or digital literacy, ensuring inclusivity in the digital economy.
Conversational Payments on UPI
At the recent Global Fintech Fest, ToneTag made waves by introducing conversational payments on UPI in collaboration with the National Payments Corporation of India (NPCI). This development allows bill payments through simple phone conversations, making digital transactions even more effortless and accessible.
ToneTag's Pioneering Journey
Established in 2013 by Kumar Abhishek, ToneTag was the first company to enable contactless payment acceptance on point-of-sale machines using sound. This innovative approach laid the foundation for the 'pay by car' system, showcasing ToneTag's commitment to pushing the boundaries of digital payments.
Conclusion:
The future of digital payments is here, and it's arriving in the form of 'pay by car.' ToneTag's pioneering efforts, along with strategic partnerships and technological advancements, are making payments more convenient and inclusive. With 'pay by car,' you can leave your cards and phone behind, as your vehicle takes care of payments seamlessly, ushering in a new era of digital transaction convenience.
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