Titan Company has partnered with the country’s largest lender State Bank of India (SBI) to launch contactless payment watches amid the drive for more digital transactions in the country, particularly during the coronavirus pandemic and the way forward to the new normal.
Identified as Titan Pay, Titan and SBI are first time launching a range of stylish new watches with contactless payment functionality in India.
With this launch, without the need to swipe or insert their SBI bank card, SBI account holders can tap their Titan Pay watch on the contactless payment POS machine.
Without entering a PIN, a user will be able to do transactions up to Rs.2000. A safe authorized Near-Field Communication (NFC) chip by Tappy Technologies embedded in the watch strap makes all the functionalities of a typical contactless SBI debit card.
By removing payment barriers and making transactions fast, contactless, safe, and simple for consumers, Titan said these watches address the needs of the new standard. The collection can be found exclusively on www.titan.co.in.