Now you will not need any debit card to pay after shopping, nor any mobile phone app. This work will now be done with your wrist watch.
Now you will not need any debit card to pay after shopping, nor any mobile phone app. This work will now be done with your wrist watch. The watch giant Titan has launched 5 wrist watches supporting contactless payment in India for the first time. The company has partnered with State Bank of India (SBI) for this feature.
How will the payment be done from the watch
When you reach for payment after shopping, all you have to do is go to the PoS machine and tap the Titan Pay Powered Watch. By doing this your contactless payment will be completed. As is usually the payment through a debit card with Wi-Fi facility. The Titan Payment Watch facility is only for SBI card holders. The payment function provided in the wristwatch works through a special secured certified near-field communication chip (NFC) which is placed in the strap of the watch. The Titan Pay feature is powered by YONO SBI and will work in the same locations where the POS (point of sale) machine will be available.
Up to 2000 shopping will be done without entering a pin
Only the State Bank of India card holders can avail the facility of Titan Payment Watch. If you pay up to 2000 rupees, then just by tapping the clock, payment will be done, no PIN will be required, but on payment above 2000 rupees you will have to enter PIN. As is usually the case with debit card payments with Wi-Fi facility.
How much will cost
In this new series of Titan, three variants have been launched for men and two variants for women. The wristwatch launched for men is priced at Rs 2,995, Rs 3,995 and Rs 5,995. At the same time, women’s watch will be available for Rs 3,895 and Rs 4,395. Due to the black and brown leather strap, the watch looks quite luxurious. All new watch is on Titan’s website for sale.