Fintech start-up ToneTag takes sound wave payments tech to Japanese market

The firm decided to foray into the Japanese market, after receiving a patent for its innovation in the country

Fintech start-up ToneTag, which is backed by global majors like Amazon and Mastercard, is foraying into the Japanese market. The Bengaluru-based company has formed a strategic partnership with Japan’s GMO Payment Gateway (GMO PG) to provide its sound-based contactless payment technology. GMO PG is a core member of the GMO Internet Group, the largest Japanese internet conglomerate. ToneTag’s technology encrypts data and transmits it from one device to another using sound waves to make digital payments easy, fast and secure without depending on the internet. “We are the first firm that can enable sound wave-based payments through existing card machines,