Titan Company Ltd.

Titan Company has entered into partnership with State Bank of India (SBI) to introduce a range of Titan Pay watches powered by YONO, the lender's mobile banking app. These watches will have contactless payment functions. With this launch, account holders of the bank can tap their Titan Pay watch on contactless payment point-of-sale (POS) machines without the need of swiping or inserting their debit card.

To avail this facility, a customer has to be a registered user for YONO. Payments of up to Rs 2,000 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 debit card of the bank. The payment feature on these watches will be accessible on over 2 million contactless MasterCard-enabled POS machines in the country.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.