Time is not far when you can tell Alexa to do a payment for you

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Voice payments are going to be the next great innovation

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In my last post, I wrote about how the payment echo system has changed in India to restrict certain payment channels, to prevent fraud. However, a new paradigm is evolving with Nacha’s Payments Innovation Alliance giving sneak-peak to voice payments. While its at pretty early stage, contact less payments are getting more importance , especially with the corona virus pandemic demanding for more such innovation. While the simplicity of usage of voice payments is going to attract a lot of people, the biggest challenge in innovating that would be the ability to prevent fraud.

With the technology advancement being done so fast, it would be not surprising to see these innovation become reality by 2021. And once its implemented, may be we can tell Alexa to do a payment for us.

You can read the full document here : https://www.nacha.org/sites/default/files/2020-09/Alliance_ConversationalPayments_ExecutiveBriefing1.pdf

Posted Using LeoFinance Beta



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8 comments
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Hey Alexa, send out some shitcoins !

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May be it can do that as well in few years !! Was this not informative ? I am trying to post on leo, so it would help, what kind of content, would be good fit.

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Alexa, why you want the shit and I don't pop

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This is going to be fun everyone can do transaction easily by this ,⁦✌️⁩🙏

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LOL if Alexa gonna make the payment than I think I need to start getting ready to sending my payment to someone I don't want to.

well its hard to communicate with alexa because I'm not very good at English and its sometimes very hard to even get her to play a song I want

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Good morning 🙏,Voice payment system is innovative but need more security, thanks for sharing latest technology news

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