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How the watch works<\/strong> A word from SBI and Titan<\/strong>
Titan Pay is powered by YONO<\/a> SBI. Therefore, with this launch, SBI account holders can tap their Titan Pay watch on contactless payment<\/a> POS machine without the need of swiping or inserting their SBI bank card. Payments up to \u20b92000 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. SBI affirms, \u201cThe payment feature on these watches will be accessible on over 2 million contactless MasterCard-enabled Point-of-Sale (POS) machines in the country. \u201c
Styles and Price<\/strong>
The Titan Pay collection includes 3 styles for men and 2 for women. The prices range from \u20b92995 to \u20b95995, which according to SBI is an attractive price that makes the watch \u201cwidely accessible to all SBI and Titan consumers.\u201d<\/p>\n
Rajnish Kumar, the Chairman of SBI expressed his pleasure on the occasion of the launch and adds, \u201cWe believe this innovative offering will redefine the shopping experience for our customers with Tap & Pay technology. With the latest technological advancements, the State Bank of India has always been striving towards providing innovative, best-in-class banking<\/a> services for our customers.\u201d
C K Venkataraman, Managing Director of Titan Company Limited, reciprocated by saying, \u201cSBI is the perfect partner to introduce a payment solution for the new normal that is fast, secure, and seamless. This product will not only satisfy the consumer\u2019s banking needs but will also serve today\u2019s evolving consumers with its classic and sophisticated designs.\u201d<\/p>\n<\/div>\n