New mobile payments tech in India uses sound waves

India mobile phone manufacturing

MoboMoney has enabled a new system that uses sound-based technology from ToneTag. A mobile payments company in India called MoboMoney has now made a transaction completion system available that would allow consumers to buy products and services at their favorite participating stores, through sound waves and their smartphones. The technology involved in this smartphone payments service was created by ToneTag, a tech startup. The feature has already been integrated into the existing MoboMoney mobile payments platform. That service has traditionally used near field communication (NFC) technology for its contactless transactions.…

Read More