SBI Titan Pay Watch: The country’s largest banks SBI and Titan Watch together have given unique gifts to customers. In view of Coronavirus, Titan and SBI have launched many stylish new watches with contactless payment functionality for the first time in India.
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SBI Titan Pay Watch: The country’s largest banks SBI and Titan Watch together have given unique gifts to customers. Now customers will be able to make a contactless payment with the help of a clock without debit and credit card (SBI Card). In the wake of Coronavirus, Titan and SBI have launched many stylish new watches with contactless payment functionality for the first time in India. These watches have been named Titan Pay. SBI customers can tap on their Titan Pay watch on a contactless payment POS machine without swiping their SBI bank card.
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The watch will be equipped with SBI Yono (SBI Yono App)
The bank has said that these clocks will be equipped with SBI Yono app, which will help in transacting without any interruption. With the help of these watches, consumers will now be able to pay from Point of Sale (POS) machines without using debit cards. The bank says that it will not be a smartwatch, but will act as a smart feature. However, only SBI bank cardholders will get the benefit.
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How much will you be able to pay?
With the help of a watch, customers can make a maximum payment of Rs 2,000 in a single transaction. At the same time, customers will need to feed the pin manually if there is a transaction of more than 2 thousand. Embedded in the watch strap using Tappy Technologies is a Security Certified Near-Field Communication (NFC) chip, which enables all the functionality of a standard contactless SBI debit card. According to the company, the payment service on these watches will be available on more than 2 million Jasda contactless MasterCard-enabled Point-of-Sale (POS) machines in the country.
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Titan Company Ltd. CK Venkataraman, managing director of the company, said that many stellar variants of this watch have been launched. It is for both women and men. Its price is Rs 2,995, Rs 3,995 and Rs 5,995. At the same time, the female watch comes with a price tag of Rs 3,895 and Rs 4,395. You can buy these Titan watches on the company’s official online website www.titan.co.in.
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