Axis Bank has launched the country's first contactless wearable payment devices to allow customers make on-the-go transactions more conveniently. It is the first bank in India to offer such a service. The bank has partnered with Thales and Tappy Technologies to design and create these products, which are exclusively available on the Mastercard platform.
The wearables are directly linked to the customers' bank account and function like a regular debit card. Customers can do their purchases at any merchant location that accepts contactless transactions.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
