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When money talks: All you need to know about voice-based payment method

PhonePe, the digital payments firm, has launched a service by creating voice-based alerts for payments

Voice-based AI, Artificial intelligence
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Pranjal Sharma

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Money talks and consumers can now put money where their mouth is. The increasing acceptance of voice-based payments is adding an exciting new dimension to digital finance. 

In the technology’s simplest form, consumers give voice commands on apps and devices for making payments. It’s the next step after single-tap payments enabled billions of transactions. 

The Reserve Bank of India (RBI) is encouraging voice as a mode for payments, announcing a new step for using the technology. "With the objective of harnessing new technologies for enhancing the digital payments experience for users, it is proposed to (i) enable “Conversational Payments” on UPI [unified

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First Published: Aug 20 2023 | 10:01 PM IST

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