Tech Mahindra announced (on February 4) the launch of a near field communication (NFC)-enabled merchant payment network called MoboMoney. The newly launched digital payment network has tied up with ToneTag for the use of its technology. This will allow consumers to pay using sound. NFC lets users make contactless transactions. So, phones can be flashed at point of sale devices, a PIN entered and the transaction is completed. Tonetag's technology enables contactless payments through soundwaves, which makes it independent of platforms such as smartphones, EDC machines, POS devices.
展开▼
