How secure is your identity?

  The widespread implementation of the Aadhaar scheme and UID( Unique Identification Number) though a successful move by the government, also raises the necessity of cogitation about the security and privacy issues it may lead to. Aadhaar is a unique 12- digit identification number provided to citizens which collects bio-metric and demographic and stores it…read more

Withdraw cash from the ATM – Cardless?

The most difficult task right now is standing in a queue of an ATM for a withdrawal. One visits the ATM numerous times a week in order to withdraw cash. This transaction may be time consuming, especially if one is carrying multiple bags with themselves, as the process of finding the card, swiping it at…read more

The Omni-Channel Diwali

ToneTag Omni-Channel solutions help businesses integrate their promotional efforts through sound based proximity communication technology Discounts during Diwali is not a new thing. We have witnessed Diwali promotions by many retailers in the past, but what makes this season special is that we have never had so many options on products, stores and payments. The…read more

The slow death of physical money around the world

Despite the popularity of cash as the most universal mode of payment, the ubiquitous king of payments is being threatened from its throne around the world. We’ve already talked about the effect that digitization of services can bring in India. $500 Billion will be transacted through digital means in India by 2020 and digital payments…read more

How UPI and biometrics will help banks authenticate digital payments

We have already talked about how OTP (One-Time Password) based two-factor authentication had been creating a lot of dependencies in the payment ecosystem. The introduction of UPI (Unified Payment Interface) has to a great extent removed this inefficiency from digital payments as the user’s phone and their account’s mPIN currently act as the two factors used to…read more

Is physical retail still relevant in the era of e-commerce?

Despite e-commerce hogging all the limelight recently, the share of e-commerce in the Indian retail market was just 0.4% in 2014, according to a report by PWC. Though, the Indian e-commerce market is said to expand at an annual rate of 51%, which is the fastest in the world, producing $120 billion in revenue by…read more

India’s cashless revolution

Cashless payments india Financial services are going through a transformation around the world, much like the digital transformation of the 80s and the 90s when checks and other paper documents were replaced with digital payment cards and subsequently computers. In the last five years funding for financial technology startups globally had grown nearly 6 times…read more

What has stopped NFC from gaining mass adoption

NFC (Near-field Communication) technology has long been touted as the best way to make payments. Ever since the NFC forum was established back in 2004 by Nokia, Philips and Sony, more than 175 companies have joined the NFC bandwagon, including banks, issuers, tech giants and device manufacturers. But despite the global support and investments that…read more

Do devices talk to each other like we do?

Most beings on earth use sound to communicate with one another. Our ability to perceive sound waves is one of the biggest senses that allows us to navigate our surroundings. Even though technically, sound is just an energy that is released when any physical matter vibrates or oscillates, these mechanical waves enable us to do…read more

Why plastic isn’t the best way to pay anymore?

Plastic cards as a form of payment can be traced back to charge cards which were first issued by gas stations, grocery stores etc. to their customers in the 1910s in order to make payments easier for them. These paper identification cards were one of the first forms of credit cards. In 1950s Diner’s Club…read more

How secure is your identity?

  The widespread implementation of the Aadhaar scheme and UID( Unique Identification Number) though a successful move by the government, also raises the necessity of cogitation about the security and privacy issues it may lead to. Aadhaar is a unique 12- digit identification number provided to citizens which collects bio-metric and demographic and stores it…read more

Withdraw cash from the ATM – Cardless?

The most difficult task right now is standing in a queue of an ATM for a withdrawal. One visits the ATM numerous times a week in order to withdraw cash. This transaction may be time consuming, especially if one is carrying multiple bags with themselves, as the process of finding the card, swiping it at…read more

The Omni-Channel Diwali

ToneTag Omni-Channel solutions help businesses integrate their promotional efforts through sound based proximity communication technology Discounts during Diwali is not a new thing. We have witnessed Diwali promotions by many retailers in the past, but what makes this season special is that we have never had so many options on products, stores and payments. The…read more

The slow death of physical money around the world

Despite the popularity of cash as the most universal mode of payment, the ubiquitous king of payments is being threatened from its throne around the world. We’ve already talked about the effect that digitization of services can bring in India. $500 Billion will be transacted through digital means in India by 2020 and digital payments…read more

How UPI and biometrics will help banks authenticate digital payments

We have already talked about how OTP (One-Time Password) based two-factor authentication had been creating a lot of dependencies in the payment ecosystem. The introduction of UPI (Unified Payment Interface) has to a great extent removed this inefficiency from digital payments as the user’s phone and their account’s mPIN currently act as the two factors used to…read more

Is physical retail still relevant in the era of e-commerce?

Despite e-commerce hogging all the limelight recently, the share of e-commerce in the Indian retail market was just 0.4% in 2014, according to a report by PWC. Though, the Indian e-commerce market is said to expand at an annual rate of 51%, which is the fastest in the world, producing $120 billion in revenue by…read more

India’s cashless revolution

Cashless payments india Financial services are going through a transformation around the world, much like the digital transformation of the 80s and the 90s when checks and other paper documents were replaced with digital payment cards and subsequently computers. In the last five years funding for financial technology startups globally had grown nearly 6 times…read more

What has stopped NFC from gaining mass adoption

NFC (Near-field Communication) technology has long been touted as the best way to make payments. Ever since the NFC forum was established back in 2004 by Nokia, Philips and Sony, more than 175 companies have joined the NFC bandwagon, including banks, issuers, tech giants and device manufacturers. But despite the global support and investments that…read more

Do devices talk to each other like we do?

Most beings on earth use sound to communicate with one another. Our ability to perceive sound waves is one of the biggest senses that allows us to navigate our surroundings. Even though technically, sound is just an energy that is released when any physical matter vibrates or oscillates, these mechanical waves enable us to do…read more

Why plastic isn’t the best way to pay anymore?

Plastic cards as a form of payment can be traced back to charge cards which were first issued by gas stations, grocery stores etc. to their customers in the 1910s in order to make payments easier for them. These paper identification cards were one of the first forms of credit cards. In 1950s Diner’s Club…read more