titan: Watchmaker Titan partners with SBI to launch contactless payment watches – Times of India

International watch model Titan has partnered with the State Bank of India (SBI) to introduce Titan Pay powered by Yono SBI. Through this partnership, Titan and SBI are launching a variety of new watches with contactless payment performance for the primary time in India, declare the businesses.
The payment characteristic on these watches will probably be accessible on over 2 million contactless MasterCard-enabled Point-of-Sale (POS) machines within the nation. This unique assortment of watches embrace 3 kinds for males and a couple of for ladies and are priced between Rs 2,995 and Rs 5,995 to make it broadly accessible to all SBI and Titan shoppers.
With this launch, SBI account holders can faucet their Titan Pay watch on contactless payment POS machine with out the necessity of swiping or inserting their SBI financial institution card. Payments of up to Rs 2,000 could be made with out getting into a PIN. A safe licensed Near-Field Communication (NFC) chip embedded within the watch strap by Tappy Technologies allows all of the functionalities of a typical contactless SBI debit card.
Speaking on the event, C Okay Venkataraman, Managing Director, Titan Company Limited, mentioned, “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.”

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