People,History & Accolades.
The Story behind ToneTag.

Operating at the intersection of technology and customer-focused innovation, ToneTag is a global technology solutions provider. It offers sound-based contactless payments, location based services, and proximity based customer engagement services, amongst others. . We focus on developing futuristic technology solutions that improve customer experience every step of the way. 

Our Vision & Mission

To delight customers globally with experiences of tomorrow.

Headquartered in Bangalore, ToneTag has a 47-member team constantly working to bring innovation to its technology.

Since its inception in 2013, ToneTag has filed 7 global patents for a variety of exciting use cases in the payments ecosystem and the offline retail space and has touched the lives of its over 50 million global consumers. Evolving from a need to create more accessible and hardware-agnostic payment systems, ToneTag is the first company to have enabled contactless payment acceptance on Electronic Data Capture (EDC) machines using sound.

The company is dedicated to understanding the needs and requirements of its clients before proposing solutions, and to iteratively improve upon their services to truly appreciate the faith reposed in them by their clients.

ToneTag’s technology has brought 83% customer stickiness to its partners without any incentivization, showcasing that good customer experiences enhance customer loyalty.

ToneTag’s alliances have made over 250,000 merchant devices contactless and leading ATM OEMs now support sound-based cash withdrawals at their ATMs through ToneTag.

Driven by its collaborative approach, ToneTag is currently focused on leveraging its alliances with global brands such as MasterCard and Finacle to have a greater strategic and global impact, as it expects to have reached a 100 million customers by the end of this year. The company’s technology is running live with major brands and businesses across the country.

Leadership

Kumar Abhishek
Kumar Abhishek
Founder & CEO, Product
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Vivek Kumar Singh
Vivek Kumar Singh
Co-founder, CFO
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Kumar Abhishek

Kumar AbhishekFounder & CEO, Product

Kumar brings extensive experience in large-scale, multi-country, core banking implementations in both mobile and internet banking arenas. He aspires to enable financial inclusion at the grassroot level, making proximity payments reach the last mile and to the critical masses irrespective of geographies, internet connectivity or hardware dependency. Prior to starting ToneTag, he was with Finacle core banking at Infosys and also worked with MindTree.

While Kumar was working in Core banking, a Singaporean colleague once asked him “Why is it in India we get candies instead of balance cash?” This question made him realize that there is a need for a better way to pay. 

In 2013, Kumar conceptualized the idea of ToneTag and developed a unique concept for making offline payments and eliminate hardware dependency. This was not only the launch of a completely new product; in fact, it was the birth of a totally new product category. The ‘Use Cases’ of the concept and product are far-reaching and bring a paradigm shift in the Payment Industry. He strongly believes that ‘Collaborations and Partnerships’ enrich and drive abundance than the competition. In addition to his business activities in the entrepreneurial space, he likes playing Golf and the Saxophone.
 

Vivek Kumar Singh

Vivek Kumar SinghCo-founder, CFO

Vivek Singh brings tremendous knowledge in the financial and legal domains. He also carries immense experience in tech development and operations management. When Kumar Abhishek and Vivek Singh met, they found that they were trying to solve the same financial problems.

They decided to pool their collective resources, establishing ToneTag in the process.

Vivek is also passionate about solving societal issues beyond the financial realm in which ToneTag operates. He actively engages in many philanthropic pursuits.

 

Advisors

Arun Seth
Arun Seth
Global Outreach

Served as Chairman at Alcatel-Lucent India Limited & BT (India) Private Limited.
 
T.V. Mohandas Pai
T.V. Mohandas Pai
Global Outreach

Chairman of Manipal Global Education. He was Member of the board of directors of Infosys.
 
Manish Dugar
Manish Dugar
Global Outreach

Global CFO of companies like Wipro & Practo. Served as Global head & CEO of Wipro BPO solutions. 
 
T. K. Kurien
T. K. Kurien
Global Outreach

Executive Vice Chairman of Wipro Limited and also a member of the Wipro Corporate Executive Council.
 
BS Nagesh
BS Nagesh
Industry Advisor

Currently the founder of TRRAIN & also, the non-executive Vice-Chairman of Shoppers Stop.
Sridhar Chityala
Sridhar Chityala
Industry Advisor

Globally recognized leader in the financial services industry.
Anand Chandrasekaran
Anand Chandrasekaran
Tech Evangelists

Director at Facebook. Heads product and global strategies at Facebook Messenger.
 
Pulak Ghosh
Pulak Ghosh
Data Analytics

Professor in the Decision Sciences and Informations Systems Area at IIMB.

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Testimonials

Awards and Accolades