Budget 2020

SBI and Titan launch India’s first contactless payment watch: Here’s how to use it


The State Bank of India (SBI), India’s largest public sector lender, and Titan Company have partnered to launch contactless payment services through watches, called Titan Pay.

How to use

Titan and SBI have launched a range of new watches with contactless payment functionality. According to the press release issued by the bank, SBI account holders can tap their Titan Pay watch on contactless payment POS machines without the need of swiping or inserting their SBI bank card. The payment feature on these watches will be accessible on over 2 million contactless MasterCard-enabled POS machines in the country, stated the release.

How much payment can you make

Payments of up to Rs 2000 can be made without entering a PIN. A secure certified Near-Field Communication (NFC) chip embedded in the watch strap by Tappy Technologies enables all the functionalities of a standard contactless SBI debit card, as per the release.

Price of watch

This exclusive collection of watches include three styles for men and two for women and are priced between Rs 2,995 and Rs 5,995.





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