IndusInd Bank launched its contactless payments wearables, 'Indus PayWear,' India's first All-in-One tokenizable wearables for both debit and credit cards exclusively on Mastercard.

Banking & Finance

IndusInd Bank launched its contactless payments wearables, 'Indus PayWear,' India's first All-in-One tokenizable wearables for both debit and credit cards exclusively on Mastercard. It is aim to offering to be extended to other card networks shortly. This will facilitate swift and secure tap-and-pay transactions at any contactless Point-of-Sale (PoS) terminal across the globe, eliminating the need for a physical card or even a payment app for purchases. The three versatile wearables, i.e. ring, watch clasp, and stickers, cater to diverse preferences of customers, with an affordable price ranging from Rs499 to Rs2999. Empowered by a dedicated mobile application, Indus PayWear enables seamless DIY setup of the cards on the wearable by the customer. The Indus PayWear mobile app allows the customer to easily switch between cards, thereby making it a truly ā€œAll-in-Oneā€ wearable.


      Furthermore, Indus PayWear transactions offer the rewards and security of the underlying debit or credit card.

      While transactions below Rs5000 are seamlessly done as a tap-and-pay using the wearable, transactions exceeding Rs5000 will necessitate the added security of the PIN of the linked card to be entered on the PoS machine.

     

 

     


IndusInd Bank

Founded- April 1994; HQ- Mumbai
MD&CEO- Sumant Kathpalia
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