Axis Bank’s wearable device shows the contactless future of retail payments

Axis Bank seems to have gone one step further by launching a range of wearable contactless payment devices called ‘Wear N Pay’. The device will be directly linked to a customer’s bank account and can be used like a debit card while making a payment to any merchant who accepts contactless tap-and-go payments through a PoS device.

The device is available in various form factors such as a wristband, key chain and watch loop, with prices starting at INR 750, the bank announced. The wearable tech has been jointly developed by electrical systems designer Thales Group, wearable payments innovator Tappy Technologies and payments infrastructure provider Mastercard.

22 views0 comments