Smartwatch Payments - Business Outrank

The smartwatch payment system of Axis Bank enables users to perform tap-and-pay transactions up to ₹5,000 without needing a phone or wallet. The Wave Fortune smartwatch from boAt and Mastercard enables contactless payments through the Crest Pay app which tokenizes credit and debit cards. The wearable payment device enters the market at ₹2,599 while providing users with secure payment capabilities without their phone or wallet. The smartwatch strap stores a secure digital code through tokenization which protects users from fraud and unauthorized transactions. The tap-and-pay functionality accepts Mastercard and Visa cards from Axis Bank through Tappy Technologies' backend system. Users can link their cards to the Crest Pay app to make NFC-based payments at supported point-of-sale terminals without needing a PIN for transactions below ₹5,000. The new payment solution from Axis Bank represents a significant achievement in wearable payment technology for the Indian market. Mastercard indicates that payment systems will evolve toward touchless and gesture-based transactions while Axis Bank demonstrates its leadership in this direction.

What's Hot

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Smartwatch Payments

Axis Bank Launches Tap-and-Pay Smartwatch Payments for Up to ₹5,000

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

A Joyous Union Celebrated by the Upadhyay Family

Our Picks

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

Most Popular

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Top 10 World Best Business Opportunities In The World

Shaping The Future: Unmasking the energetic universe of innovative Startups

Subscribe to Updates

What's Hot

Browsing: Smartwatch Payments