IndusInd Bank unveils 'Indus PayWear': India's first all-in-one payment wearables
Offering rings, watch clasps, and stickers, this range provides affordable and stylish alternatives to traditional payment methods, priced from Rs. 499 to Rs. 2999.
IndusInd Bank introduces 'Indus PayWear,' India's first All-in-One tokenizable wearables for debit and credit cards, exclusively on Mastercard. Offering rings, watch clasps, and stickers, this range provides affordable and stylish alternatives to traditional payment methods, priced from Rs. 499 to Rs. 2999.
IndusInd Bank introduces 'Indus PayWear,' India's first All-in-One tokenizable wearables for debit and credit cards, exclusively on Mastercard. Offering rings, watch clasps, and stickers, this range provides affordable and stylish alternatives to traditional payment methods, priced from Rs. 499 to Rs. 2999.
The innovative aspect lies in its user-friendly setup. Through a dedicated mobile app, customers can easily tokenize their cards onto the wearable device, enabling swift card switching and ensuring a seamless payment experience.
Security is paramount, with advanced tokenization technology replacing card details with unique 'tokens,' enhancing transactional safety. Transactions below Rs. 5000 can be completed with a tap, while higher amounts require entering the PIN on the Point-of-Sale machine, adhering to RBI guidelines.
Sumant Kathpalia, Managing Director & CEO of IndusInd Bank, emphasizes their commitment to fostering a friction-free digital economy, offering innovative solutions like Indus PayWear to enhance customer experiences.
Gautam Aggarwal, Division President, South Asia, Mastercard, praises the collaboration, highlighting the flexibility, convenience, and security that Indus PayWear offers. He commends the use of tokenization technology, empowering consumers to make payments using their preferred wearable device while ensuring transactional safety.
Indus PayWear represents a significant step towards redefining payment experiences in India, promising seamless, secure, and stylish transactions for customers.
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