It is hard to imagine our daily routines without the convenience of digital payments today. From eliminating the need for carrying physical cash to facilitating seamless online transactions, they have transformed the way we conduct financial transactions. However, customers must still carry their cards or mobile phones to transact. IndusInd Bank has introduced a groundbreaking solution to enable further ease of digital payments: Indus PayWear, India’s first contactless payment wearable.
IndusInd Bank’s PayWear solution blends cutting-edge technology with a sleek design, transforming the payment experience. It allows users to make contactless payments anywhere, anytime, by simply tapping or waving their wearable devices at NFC-enabled POS machines. These stylish accessories offer a modern spin on traditional payment methods, eliminating the need to carry wallets or mobile phones. Whether you’re grabbing a quick coffee or going shopping, PayWear provides a secure and stylish alternative that seamlessly aligns with your lifestyle.
What is Indus PayWear?
Indus PayWear is a cutting-edge payment solution designed to redefine convenience and security in digital payments. It is a range of wearable accessories that can be used to make payments with a tap or wave. These wearables allow users to tap and pay at merchants with NFC-enabled POS machines without carrying wallets, cards, or mobile phones.
Indus PayWear is available in three different variants:
· Watch Clasp: This waterproof, wearable device features an NFC chip and can convert any watch, fitness tracker, or jewellery piece into a convenient Tap and Go payment device. Simply affix it to your watch strap to enjoy seamless transactions.
· Ring: A sleek ring that you can wear to make payments with a tap or wave. It is available in 4 sizes: S, M, L, and XL.
· Mobile Sticker: A premium sticker that sticks to the back of your phone and facilitates seamless payments with a tap or wave. It eliminates the need to carry cards or unlock your phone to make payments.
The contactless payment function on these wearables is managed through a dedicated Indus PayWear app. Users can conveniently link their IndusInd Bank creditor debit card to their preferred wearable device using this app and switch between them depending on their payment preferences.
Once the PayWear device is successfully set up, you can enjoy seamless ‘tap and pay’ transactions anywhere without carrying your phone or wallet.
Features of Indus PayWear
IndusInd Bank’s PayWear solutions are packed with features that enhance convenience, security, and flexibility in digital payments. Some key features include:
1.Tap and Go
Simply tap or wave your wearable device against any contactless terminal in-store to make payments. This eliminates the need to swipe cards or unlock mobile phones.
2.No Charging Required
IndusInd Bank PayWear solutions do not require a battery. Hence, they don’t need to be charged, allowing you to make payments on the go.
3.Stay in Control
Set up your IndusInd Bank credit or debit card on the Indus PayWear app and switch between them as needed. From using different cards for specific purchases to managing multiple accounts, PayWear gives you complete control over your transactions.
4.Secure
Indus PayWear ensures your real card number is never exposed during transactions. Instead, a unique token is created when you connect your card to a wearable device, protecting you from card skimming and data breaches.
5.Safe
Lock your wearable device when not in use to enjoy enhanced security. This adds an extra layer of protection against unauthorized access, ensuring your information remains secure even if the device is misplaced or stolen.
Transform Your Digital Payment Experience with Indus PayWear
Indus PayWear offers a seamless and secure payment solution for users seeking convenience and flexibility in their transactions. To set up the wearable device, you must have an NFC-enabled Android phone. All IndusInd Bank debit cardholders can apply for Indus PayWear.
You can use the PayWear device to make tap or wave payments at any POS terminal that accepts contactless cards or NFC payment wallets. Additionally, you don’t need to enter a PIN for payments up to INR 5,000.
Get your preferred wearable device online or by visiting your nearest IndusInd Bank branch.
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