Bank of Baroda has launched the wearable line of products for small-ticket payments up to Rs 5,000 through the BoB World Wave in association with the National Payments Corporation of India (NPCI).
The BoB World is the bank's digital banking product, and BoB World Wave is to offer customised wearable payments solutions, providing a swift and convenient way to make payments on the go. Customers can make on-the-go payments of up to Rs 5,000 without any PIN while shopping on the PoS machine.
The wearables, to be attached to gadgets and articles such as rings, watches and other such items, are expected to be available for use from the next month for the bank customers and they can place an order for the same.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
