Titan has launched 5 new watches with contactless fee performance in India. To allow this performance, the watch firm has partnered with State Bank of India (SBI) to convey a brand new Titan Pay resolution. Users can faucet these Titan Pay powered watches on contactless fee POS machines to make funds. This resolution will solely work for SBI Bank card holders. Payments of as much as Rs. 2,000 might be made with out getting into a PIN, whereas funds above that can require handbook getting into of PIN code.
Titan has launched three new Titan Pay-powered watches for males and two watches for ladies. The males’s watches are priced at Rs. 2,995, Rs. 3,995, and Rs. 5,995. These watches include black and brown leather-based straps and spherical dials. The design of every watch is completely different with probably the most premium watch having gold accents, extra bodily buttons, and extra dials for date and day. The two girls’s watches are priced at Rs. 3,895 and Rs. 4,395. They come in brown and black leather-based straps, respectively. All of those watches are available for purchase on the Titan India web site.
The new fee performance has been launched for SBI Bank card holders by embedding a safe licensed Near-Field Communication (NFC) chip in the watch strap. The new Titan Pay performance is powered by YONO SBI and it’ll solely work in outlets and locations the place a contactless POS machine is obtainable. Furthermore, as talked about, all transactions above Rs. 2,000 would require a consumer to punch in the PIN code.
“Titan has always been at the pinnacle of design and innovation. We have always launched products to cater to the changing needs of our consumers. SBI is the perfect partner to introduce a payment solution for the new normal that is fast, secure and seamless. This product will not only satisfy the consumer’s banking needs but will also serve today’s evolving consumers with its classic and sophisticated designs,” C Okay Venkataraman, Managing Director of Titan, mentioned in a press release.