INDIA'S FIRST CONTACTLESS PAYMENT WATCH
                     INDIA'S FIRST 
CONTACTLESS 
PAYMENT 
WATCH
INTRODUCTION
•Country's top lender State Bank of India 
(SBI) and Titan Company have partnered 
to launch contactless payment services 
through watches.
Source: Mint
COMPANY PROFILE
•State Bank of India is an Indian multinational, •Titan Company Limited is an Indian consumer 
public sector banking and financial services goods company that mainly manufactures 
statutory body headquartered in Mumbai, fashion accessories such as watches, 
Maharashtra. jewellery and eyewear. 
•SBI is ranked 236th in the Fortune Global 500 •Part of the Tata Group, the company is 
list of the world's biggest corporations of headquartered in Electronic City, Bangalore.
2019.
Source: sbi.com Source: titan.co.in
TITAN PAY
•Now people can make payments fast, 
hassle-free, contactless, and from the 
watch.
• Titan will be presenting the all-new 
Titan Pay, a new-age collection of stylish 
timepieces.
Source: Indian Retailer
CONTACTLESS PAYMENT
•With this launch, SBI account holders 
can tap their Titan Pay watch on 
contactless payment point-of-sale (POS) 
machines without the need of swiping or 
inserting their debit card, the bank said 
in a statement. 
Source: The Economic Times
INNOVATION
•This innovative offering will redefine the 
shopping experience for the customers 
with tap and pay technology. 
Source: Twitter
HOW IT WILL WORK
•To avail this facility, a customer has to 
be a registered user for YONO.
•SBI account holders can tap their Titan 
Pay watch on contactless payment POS 
machines without the need of swiping or 
inserting their SBI bank card.
Source: Zee News
CHIP EMBEDDED IN THE WATCH
•A secure certified near-field 
communication (NFC) chip embedded in 
the watch strap enables all the 
functionalities of a standard contactless 
debit card of the bank.
Source: Moneycontrol
CONTACTLESS MASTERCARD
•The payment feature on these watches 
will be accessible on over 2 million 
contactless MasterCard-enabled POS 
machines in the country.
Source: The Economic Times
•HPOW aMUCyH PAYmMENT CeAN YnOU MtAKsE  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.
Source: StockinForce
•PTRICE hOF THiEs WAT CH exclusive collection of watches 
include three styles for men and two for 
women and are priced between Rs 2,995 
and Rs 5,995.
Source: TopperIQ