Highlights
• Airtel Payments Bank has announced the launch of its new NCMC (National Common Mobility Card)-enabled smartwatch.
• It is developed in collaboration with Noise and the National Payments Corporation of India (NPCI).
• Showcased at the Global Fintech Fest 2024, this smartwatch features an integrated RuPay chip .
• It offers advanced functionality, support for NCMC-enabled Tap and Pay transactions.
Airtel Payments Bank in collaboration with Noise, India’s leading smartwatch and connected lifestyle brand, and the National Payments Corporation of India (NPCI), announced the launch of its upcoming cutting-edge NCMC (National Common Mobility Card)-enabled Smartwatch, integrated with the RuPay chip.
The Bank showcased the prototypes of this state-of-the-art smartwatch at the Global Fintech Fest 2024.
This innovative smartwatch, conceptualized by Noise, brings the future of payments to the user’s wrist, blending advanced lifestyle features with the convenience of NCMC-enabled Tap and Pay transactions.
This launch marks the second phase of the successful partnership between Airtel Payments Bank and Noise, building on the initial efforts to redefine on-the-go payments directly from their smartwatches.
Elevating the experience further, this NCMC-enabled smartwatch is set to augment the potential of smart wearables by integrating seamless transactions into daily lives and redefining the future of connected living.
The Airtel Payments Bank Smartwatch is engineered to revolutionize payments, offering unparalleled ease and accessibility.
With NCMC integration, users will enjoy the convenience of Tap and Pay transactions at merchant locations as well as NCMC-enabled transit payments across metro systems, buses, parking facilities and more nationwide.
Additionally, it supports the issuance of transport concessions and monthly passes, where applicable, by transport operators, making daily commutes hassle-free.
Crafted with an embedded RuPay chip in the dial, this smartwatch allows users to indulge in a more secure and flexible lifestyle experience.
It offers effortless swapping of watchstraps, providing seamless customization to complement any occasion, personal style, or mood.
Ganesh Ananthanarayanan, Chief Operating Officer of Airtel Payments Bank said, “We are delighted to introduce the NCMC-enabled Smartwatch, a product that embodies our commitment to innovation and customer-centric solutions. This smartwatch not only simplifies financial transactions but also enriches the daily lives of our users with its advanced features. We believe this launch will set a new standard in the wearable payment devices market as well.”
Amit Khatri, Co-Founder of Noise, said, “At Noise, we are committed to transforming consumers’ lives meaningfully by relentlessly expanding the capabilities of smart wearables through future-forward innovation. As we enter this second phase of our partnership with Airtel Payments Bank, our collaboration with NPCI marks a significant step forward in this journey. By integrating NCMC into our smartwatch, we are not just unlocking new potential for wearables but also pioneering a new era of digital payments in India.”
Beyond its robust payment features, the Airtel Payments Bank Smartwatch is designed for a dynamic lifestyle, offering a range of functionalities tailored to modern needs.
It will soon be available for purchase through both online and retail platforms of the Bank.
Faqs
Is Airtel Payments Bank smartwatch safe ?
Yes, contactless technology uses secure encryption (same as CHIP & PIN) so you can use it.
With the maximum contactless transaction amount without PIN value capped at INR 5000, there is limited possibility of any loss.
How does payment via Airtel Payments Bank smartwatch work?
The Airtel Payments Bank smartwatch contains a payment enabled chip & an antenna (based on radio frequency).
When you tap the band against a contactless-enabled terminal, the details get transferred wirelessly from the band to the terminal & the payments get processed in a secure manner.
How can I enable or modify contactless limits for Airtel Payments Bank smartwatch?
Follow below path to enable or modify limits for Airtel Payments Bank smartwatch as per your needs: Open Thanks App>Bank>My Wearable>Manage Usage> Enable/Modify contactless limits> Confirm.
What is Airtel Payments Bank smartwatch ?
Airtel Payments Bank SmartWatch is an all-in-one smart fitness device to measure your vital body parameters.
It has an inbuilt SpO2, Body Temperature, Heart Rate & Blood Pressure Monitor.
It is also enabled for making contactless payments, a faster way to pay for purchases at all participating stores.
Instead of swiping your card at the billing counter, simply tap your watch band on the contactless terminal & pay without entering PIN for transaction up to INR 5000 and with PIN for transactions above INR 5000.
What is the Pricing and Availability of Airtel Payments Bank Smartwatch ?
The smartwatch will soon be available for purchase online and at Airtel Payments Bank retail stores.
Pricing will be announced at the official launch.
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