Titan has released five new watches with contactless payment functionality in India. To enable this functionality, the watch company has partnered with State Bank of India (SBI) to introduce a new Titan Pay solution. Users can tap these Titan Pay powered watches on contactless payment POS machines to make payments. This solution will only work for SBI bank card holders. Payment up to Rs. 2,000 can be entered without a PIN, while payments above this will require manual entry of the PIN code.
Titan Introduced three new Titan pay-operated watches for men and two for women. The men’s watches are priced at Rs. 2,995, Rs. 3,995, and Rs. 5,995. These watches come with black and brown leather straps and round dials. The design of each watch is different with the most premium watch gold accents, additional physical buttons and additional dials for date and day. The two women’s watches are priced at Rs. 3,895 and Rs. 4,395. They come in brown and black leather straps respectively. All these watches are available for purchase Titan India website.
The new payment functionality has been introduced for SBI bank card holders by embedding a secure certified Near-Field Communication (NFC) chip in the watch strap. The new Titan Pay functionality is powered by YONO SBI and will only work in shops and locations where contactless POS machines are available. Also, as mentioned, all transactions above Rs. 2,000 has to punch a user in a PIN code.
“Titan has always been at the pinnacle of design and innovation. We have always launched products to meet the changing needs of our consumers. SBI is the right partner to introduce a payment solution for the new normal that is fast, secure and seamless. The product will not only cater to the banking needs of the consumer, but will also serve today’s developed consumers with its classic and sophisticated designs, ”Titan Managing Director CK Venkatraman said in a statement.