Noise, Airtel Payments Bank & Mastercard launch ‘Airtel Payments Bank Smart Watch’
By Gloria Mathias
Airtel Payments Bank has collaborated with Noise, India’s smartwatch brand, and Mastercard to launch the Airtel Payments Bank Smart Watch, which aims to redefine and make contactless payments accessible to a larger consumer base.
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, enabling users to stay ahead of the curve and enjoy the benefits of the future of payments.
These smartwatches, developed by Noise and enabled by Airtel Payments Bank, will boost tap and pay capabilities, and enhance the experience for users by bringing the convenience of contactless payments through smart wearables. The smartwatch will empower Airtel Payments Bank’s customers to do more with their wearables, making it a one-stop solution for their daily lifestyle needs. The new smartwatch is now available to be purchased for INR 2,999.
The smart watch is designed to enhance the user experience further by enabling contactless payments directly from the wearable. The smart watch’s NFC chip, supported by the Mastercard network, will further empower people to do more with their wearable, making the smart watch a one-stop solution for all their lifestyle needs.
The NFC chip-enabled smart watches are designed to seamlessly support contactless payments at retail outlets, POS terminals, and various other touchpoints, making financial transactions more inclusive and convenient for all.
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. With this innovation, customers can effortlessly make transactions without the hassle of carrying extra cards or using their phones for small payments. Our collaboration with Noise reflects our commitment to addressing the evolving needs of urban digital consumers. By integrating contactless payment capabilities into wearable technology, we empower customers with greater freedom and flexibility in their daily transactions. The bank will be coming up with more options and innovative payment solutions to enhance the digital banking experience, ensuring convenience and security for our valued customers.”
IBSi Daily News Analysis
July 19, 2024
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