July 23, 2017 12:15 AM ET

Software

Company Overview of Naffa Innovations Pvt Ltd.

Company Overview

Naffa Innovations Pvt Ltd. provides mobile application software to make offline payments. The company develops ToneTag that allows for wallet based, card based, and direct account debit payments. Its software works on merchant point-of-sale and mobile devices. Naffa Innovations Pvt Ltd. has a strategic partnership with Mphasis. The company was founded in 2013 and is based in Bengaluru, India.

117, The Arcade

Brigade Metropolis

ITPL Main Road

Bengaluru,  560048

India

Founded in 2013

Phone:

91 80 4228 6611

Fax:

91 80 4228 6611

Key Executives for Naffa Innovations Pvt Ltd.

Naffa Innovations Pvt Ltd. does not have any Key Executives recorded.

Naffa Innovations Pvt Ltd. Key Developments

Yes Bank Enters into an Agreement with ToneTag to Integrate and Deploy ToneTag Sound-Based Contactless Payments on its Mobile Wallet, Yes Pay

Yes Bank has announced a plan to offer sound-based payments. The company said that it has entered into an agreement with ToneTag to integrate and deploy ToneTag sound-based contactless payments on its mobile wallet, Yes Pay. The solution is to allow customers to make card less payments at merchant outlets. Yes Pay enables social media and Smartphone users to send and receive money, split bills, budget, recharge mobile or DTH subscriptions, make utility bill payments and shop online.

Mphasis Enters into Strategic Partnership with ToneTag

Mphasis has entered into a strategic partnership with ToneTag. Through this partnership, ToneTag and Mphasis aim to enrich the retail experience in the offline establishments of both banking as well as commerce industries. As part of the agreement, Mphasis will collaborate to build solutions and be an integration partner for ToneTag's sound-based technology globally to enable contact-less proximity communication, location based services and customer engagement services among other solutions. With this, Mphasis will be providing omni-channel customer engagement and frictionless checkout solutions to benefit physical outlets, dealerships, bank branches as well as experience stores.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 9, 2016
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