September 17, 2020: Titan has partnered with country’s largest bank, State Bank of India (SBI) to introduce Titan Pay wristwatches powered by YONO SBI.
SBI account holders can tap their Titan Pay watch on contactless payment POS machine without the need of swiping or inserting their SBI bank card. Payments of up to Rs 2000 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.
The payment feature on these watches will be accessible on over 2 million contactless MasterCard-enabled Point-of-Sale (POS) machines in the country. The collection of pay watches include 3 styles for men and 2 for women and are priced between Rs 2995 and Rs 5995. The collection is exclusively available on www.titan.co.in.