ToneTag's eKosha Brings AI-Powered Banking to 72 Million SMEs in India

India-based payment technology company ToneTag has launched eKosha, an AI-powered banking service for small and medium-sized enterprises (SMEs). The platform aims to simplify financial management for approximately 72 million SMEs in the country. eKosha enables businesses to automate key banking operations such as cash flow management, invoice tracking, and credit applications through artificial intelligence. According to ToneTag, eKosha operates using voice commands and natural language processing technology, allowing users to perform banking transactions faster and more intuitively. Designed especially for SME owners with limited digital literacy, the system offers an alternative to complex banking interfaces. The company emphasizes that this innovation represents a significant step toward increasing financial inclusion in India. Key features of the platform include real-time account management, smart invoice matching, and AI-based credit assessment tools. eKosha analyzes businesses' financial data to provide personalized recommendations and sends alerts about potential cash flow issues. This is expected to enhance operational efficiency for SMEs. ToneTag stated that eKosha will initially be available to SMEs in major Indian cities, with plans to expand to rural areas later. The company also added that the platform will be extended to support multiple Indian languages in the coming months. This move is seen as part of a broader strategy to increase access to digital banking services in India. This is not investment advice.