ToneTag and Elocity partner to solve payment challenges for the EV sector
By Leandra Monteiro
ToneTag, India’s fastest-growing sound-based proximity communication and payments service provider is collaborating with Elocity, a global leader in electric vehicle (EV) charging solutions to solve the payment processing challenges in the EV sector.
Ease of use and payment processing is key to both, improving the experience for EV drivers and strengthening the viability of EV charging business models. Currently, numerous EV charging stations in India don’t accept cash, which zones out people with non-smartphones or in areas of low internet connectivity from recharging their EVs at the public charging stations.
ToneTag has completed over 52 million consumer transactions and this strategic partnership with Elocity, will contribute hugely to speeding EV adoption. The technology will be especially beneficial in rural areas and underground parking garages where online payments and network connectivity are challenging. This technology will be first offered in the Indian EV charging market and quickly scaled globally.
Through this strategic partnership, EV drivers with any mobile phone can now pay easily at Elocity HIEVTM and ToneTag enabled EV charging stations, irrespective of their location or network availability.
Commenting on this initiative from the Bangalore head office, Kumar Abhishek, Founder & CEO of ToneTag, stated, “Our simple and secure voice payment solutions are set to drive offline payments across the country, making digital payments accessible to all. With ToneTag, customers can make digital transactions just with their voice in their preferred language. We expect the Indian digital payments space to rise fivefold and reach $1 trillion by 2023. With Elocity, we are extending our offline & voice-based payment services to EV drivers to improve their EV charging experience.”
Sanjeev Singh, Founder & CEO of Elocity, commented, “Elocity is laser focused on constantly innovating to solve the most pressing EV charging space challenges. The value of integrating our EV charging HIEVTM technology with ToneTag’s voice-based payment system is enormous. Already our integrated HIEVTM platform brings the entire EV charging ecosystem together and it will be further enriched to the benefit of EV drivers by this partnership. Working with ToneTag aligns with Elocity’s mission of “A Connected EV World”. Currently, Elocity is engaged with many leading companies and Government organizations in India, North America and globally. We will continue to collaborate with many specialist technology partners, businesses, Government organizations and EV drivers to unlock superior value for everyone involved.”
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