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Paytm To Launch ‘Sound Pay’ For Money Transfers Through Ultrasonic Sound Waves

Paytm To Launch ‘Sound Pay’ For Money Transfers Through Ultrasonic Sound Waves

Paytm has been in the forefront, when it comes to innovations in Digital and Mobile payments. They are already the largest mobile wallet company in India with a user base of over 100 million  users.

Now, Paytm is working on a new way to facilitate mobile and digital payments and they are doing this based on ultrasonic sound waves. Called Paytm Sound Pay, the new feature will enable users to make payments at Point of Sale (PoS) by transferring information using Ultrasonic Sound waves.

Paytm mobile app will be updated with a new icon called Sound Pay – when the user presses the icon on their mobile, a sound will be emitted, which will carry information in regards to amount to be paid and customer Paytm account information.

Once the information is received by the registered merchant, it first checks to see if their if enough money in customer’s wallet. If the amount is present, the transaction gets completed by the amount is debited in customer’s wallet.

Nitin Misra, head of products at Paytm, told ET, “Consumers will soon have the option of clicking the ‘sound pay’ icon in the Paytm app. It will transmit ultrasonic sound at a certain frequency and it carries data. The data will include how much to pay and the customers credentials.”

Paytm is currently in the testing phase and when the test phase is successfully completed, it will be rolled out to users. No timeline has been given by Paytm for Sound Pay launch.

Information transfer through Sound Not New

While Paytm is the first mobile wallet to introduce this feature, it is not something new. Alibaba’s own wallet, AliPay had introduced sound based mobile payments back in 2013.

Also, using sound waves to transfer information has been around for a while. In 2015, Google has launched a chrome extension called Google Tone that used audible sounds to instantly transfer files between 2 computers.

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