Airtel Payments Bank collaborated with Noise, a smartwatch brand, and Mastercard, a global technology company in the payments space, to unveil A New Way to Pay. The entities have come together to launch a Smart Watch that aims to make contactless payments.
Bringing the power of Tap and Pay to every wrist, the initiative will empower users to unlock the full potential of smart wearables and democratise convenient financial solutions, reads a company statement. The new smart watch named Airtel Payments Bank Smart Watch is now available to be purchased at Rs 2,999.
Customers who have a savings account with Airtel Payments Bank can purchase this smart watch from the Airtel Thanks App. Customers who are new to the bank can order the smart watch immediately by opening a bank account digitally on Airtel Thanks App. They can then activate the watch by linking it to their savings bank account via the Thanks App in just one minute. Once linked, users can immediately commence making payments by simply tapping the watch on Point of Sale (POS) machines with the Tap and Pay facility. A customer would be able to make payments between Rs 1 to Rs 25,000 per day using the Airtel Payments Bank Smart Watch.
The smart watch is designed with an appealing 1.85-inch square dial to enhance the user experience further by enabling contactless payments directly from the wearable, according to a company statement. The smart watch’s NFC chip is supported by the Mastercard network.
Speaking on the launch, Ganesh Ananthanarayanan, COO, Airtel Payments Bank said, “Urban digital customers now have a seamless solution for on-the-go digital payments through our partnership with Noise and Mastercard. The Airtel Payments Bank Smart Watch revolutionizes how customers engage in contactless payments, offering unparalleled convenience."
Speaking on the partnership and the innovation in the Smart Watch, Amit Khatri, Co-founder, Noise said, “Through the Tap and Pay functionality powered by NFC chips on the Mastercard network, we aim to simplify the payment process and enhance convenience by unlocking a new way for users to interact with their devices. "
The Smart Watch also offers access to a collection of 150 cloud-based watch faces and supports 130 different sports modes. With an IP68 water resistance, it can withstand water exposure. Furthermore, it includes a Stress Monitor feature to help users track and manage their stress levels effectively, according to a company statement.
