Just Tap Your Watch to Buy: Titan Company Partners with SBI to Introduce Contactless Payment Watches
by EVENTFAQS Bureau Marketing | September 22, 2020 | News
Titan Company Limited has partnered with State Bank of India (SBI) to launch a range of new watches with contactless payment functionality. These watches address the needs of the new normal by eliminating payment barriers and making transactions quick, contactless, secure, and easy for consumers.
Titan and SBI will introduce Titan Pay powered by YONO SBI to bring about innovative and safer purchase solutions in the retail space. With this launch, SBI account holders can tap their Titan Pay watch on a contactless payment POS machine without needing toswipe or insert their SBI bank card. Payments of up to Rs 2000 can be made without entering a PIN. The payment feature on these watches will be accessible on over two million contactless Mastercard-enabled Point-of-Sale (POS) machines in the country.
C K Venkataraman, Managing Director, Titan Company Limited said, “Titan has always been at the pinnacle of design and innovation. We have always launched products to cater to the changing needs of our consumers. SBI 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’s banking needs but will also serve today’s evolving consumers with its classic and sophisticated designs.”
Rajnish Kumar, Chairman, SBI said, “We are glad to be a part of the launch of this unique proposition in the contactless payments space by Titan. It gives me immense pleasure to join hands with one of the world’s largest watch manufacturers, to provide a smart and innovative shopping solution for our YONO customers with Titan Payment Watches. We believe this innovative offering will redefine the shopping experience for our customers with Tap & Pay technology.”
Titan Company has been at the centre of innovation and believes in harnessing technology for convenience and ease of users. Through constant investment in technology and design, Titan aims to continue advancing the products and offerings for consumers in the smart segment.
This collection of watches include three styles for men and two for women and are priced between Rs 2995 and Rs 5995.
Titan Company Limited has partnered with the State Bank of India (SBI) to launch a range of new watches with contactless payment functionality.