SBI and Titan partnered launched contactless payment watch BANK NEWS
New Delhi: The country’s largest lender State Bank of India and Titan partners to launch for the first-time contactless payment watch. The stylish watches will be powered by the YONO SBI known as Titan Pay.
Again, the Titan is giving its best functionalities in these watches with a secure certified Near-Field Communication (NFC) chip embedded in the watch strap. There is no need to enter the PIN or swipe the card and the SBI account holder can make the payments up to Rs. 2000.
Shri C K Venkataraman, Managing Director of Titan Company Limited said while addressing via virtual mode, “Titan has always been at the pinnacle of design and innovation. We have always launched products to cater to the changing needs of our consumers. SBI is the perfect partner to introduce a payment solution for the new normal that is fast, secure, and seamless. This product will not only satisfy the consumer’s banking needs but will also serve today’s evolving consumers with its classic and sophisticated designs.”
Shri Rajnish Kumar, chairman, SBI said, “We believe this innovative offering will redefine the shopping experience for our customers with Tap & Pay technology.”
Posted Date : 17-09-20
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