Mumbai, June 18 (UNI) Private sector lender Axis Bank on Wednesday said that it has collaborated with boAt and Mastercard to seamlessly integrate tap & pay NFC enabled payments for its newly launched ‘Wave Fortune’, a cutting-edge smartwatch. Priced competitively at Rs 3,299 ( Rs 2,599 during special offers).
Axis Bank cardholders can now securely tokenise and store their debit and credit cards on the WAVE Fortune Smartwatch via Crest Pay, boAt’s official payments app, and make contactless payments effortlessly.
This feature, powered by Mastercard’s tokenisation technology and supported by the robust token requestor infrastructure of TAPPY Technologies, allows single-step payment of up to Rs 5,000 on a POS device without entering the card PIN, ensuring both speed and security.
Powered by Mastercard, the payment system allows users to securely tokenise and store their cards within the smartwatch strap for quick and seamless transactions.
Axis Bank credit and debit cardholders on Mastercard and VISA networks will continue to enjoy the rewards and benefits of their linked card while making payments with the Wave Fortune smartwatch.
Commenting on the partnership, Arnika Dixit, President & Head – Cards, Payments and Wealth Management, Axis Bank, said, “At Axis Bank, we have been continuously working on innovation-led partnership models to offer innovative and secure digital banking solutions to customers. In this effort, we are delighted to have partnered with boAt to truly make payments on the go, seamlessly integrating contactless payments into people’s day-to-day lives. Bringing in our expertise in tokenised contactless payments, ‘Wave Fortune’, a cutting-edge smartwatch, will allow the users with the highest standards of safety and security, combined with a quick and convenient payment experience.”
Sameer Mehta, Co-founder and CEO, boAt, said, "At boAt, we are always striving to push the boundaries of technology to enhance everyday convenience. Our partnership with Axis Bank brings secure, effortless payments to the wrist, making contactless transactions more accessible than ever."
Gautam Aggarwal, Division President, South Asia at Mastercard, said, “In the near future, payments will be gesture-based — integrated into our daily routines, with transactions occurring in a frictionless manner. Wearable devices, irrespective of the form factor, will play a key role in this evolution, offering quick and secure payment experiences. As a company committed to shaping this future of commerce, Mastercard is delighted to power the tokenisation-enabled smartwatch, empowering users to pay with their credit or debit cards.”
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