In this era of technological advancement, the way we make payments is constantly evolving. The idea of “pay by car” is the most recent advancement in the field of digital payments.
In this article, we will explore how Amazon and Mastercard-backed ToneTag have revolutionized payments by integrating the Unified Payments Interface (UPI) with your car’s infotainment system.
This groundbreaking technology not only enhances convenience but also eliminates the need for a smartphone or other handheld devices for digital transactions. Let’s delve into the details of this game-changing development.
The Birth of ‘Pay by Car’
ToneTag, backed by industry giants Amazon and Mastercard, has introduced the ‘pay by car’ service, offering car owners a hassle-free and smartphone-free way to make digital payments. This innovative service is made possible by linking UPI with the car’s infotainment system.
To demonstrate its capabilities, ToneTag partnered with MG Hector and Bharat Petroleum, showcasing the future of convenient payments.
How ‘Pay by Car’ Works
The process of ‘pay by car’ is remarkably straightforward and secure. When you arrive at a fuel station, your car’s infotainment system displays the fuel dispenser number, ensuring a seamless experience.
Simultaneously, a soundbox within your car alerts the station staff to your presence. You can then enter the desired amount for your fuel purchase, which is conveniently announced through the same soundbox. This streamlined process results in a secure and contactless transaction, enhancing both convenience and safety.
Beyond Fuel: ‘Pay by Car’ for All Your Vehicle-Related Payments
The applications of this innovative technology extend beyond fuel purchases. ‘Pay by car’ also provides the capability to recharge your car’s Fastag, with the current balance displayed on the infotainment screen. This comprehensive solution simplifies all your vehicle-related payments, ensuring a hassle-free experience.
Empowering the Digitally Challenged
ToneTag’s journey towards this innovation began with the successful development of an offline voice-based payment system for any phone 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 that everyone can participate in the digital economy.
Conversational Payments: Expanding Horizons
At the recent Global Fintech Fest, ToneTag made headlines by unveiling conversational payments on UPI in collaboration with the National Payments Corporation of India (NPCI). This groundbreaking development enables bill payments through simple phone conversations, further expanding the horizons of effortless and accessible digital transactions.
Meet ToneTag: The Pioneer in Sound-Based Payments
Established in 2013 by Kumar Abhishek, ToneTag proudly claims to be the world’s largest audio-based solutions provider. The company offers both software and hardware solutions to enable various services, making it a leader in the field of sound-based payments.
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Conclusion
the introduction of ‘pay by car’ by ToneTag, backed by Amazon and Mastercard, represents a significant leap forward in the world of digital payments. This innovative technology not only simplifies payments but also ensures that everyone, regardless of their digital proficiency, can partake in the digital economy. With ‘pay by car,’ your vehicle becomes more than just a mode of transportation—it becomes a mobile payment powerhouse, revolutionizing the way we interact with the world of finance.