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#News(Startup) [ via IoTGroup ]
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Epic Lanka partners with ToneTag to introduce sound wave technology to Sri
To Minister of Education Dullas Alahapperuma on sizes of school bagsAuto extracted Text……
Epic Technology Group, the leading technology conglomerate in Sri Lanka and market supplier and service provider of EDC/POS Terminals with over 95% market share recently partnered with ToneTag to introduce its revolutionary sound wave technology innovation to Sri Lanka and Maldives.
ToneTag’s technology will enable mobile banking customers of any bank to pay for their purchases using a sound wave mechanism, paving the way for a future where customers need not carry cards or cash and can stop worrying about revealing their personal information.
ToneTag is the global leader in digital payments and customer engagement using sound wave technology.
Another feature of this technology is that even customers with feature phones can make payments, load cash, and numerous other things digitally without ever connecting to the internet.
While customers stand to benefit from convenience and security that the technology offers, merchants too can benefit from being able to accept digital payments by engaging with their customers and promoting their businesses either by using their existing infrastructure at no cost or with extremely low-cost updates.
For example, this technology can enable a fully queue less and contactless service where a customer only needs to open any partner app to receive menus, offers or payment requests.
Epic Lanka Managing Director and CEO Viraj Mudalige said: “We want to retain our position as Sri Lanka’s top Fintech solutions provider by introducing the best and the latest in technology available in the world.
Every bank and retail company can now operate digitally or cashless since ToneTag’s technology works even without an internet connection or any hardware modifications
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AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019
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