In this new normal era, it has become necessary to make the gadget innovative and safe in the retail world. In view of this, Titan Company Limited, the fifth-largest brand of watches in the world, has partnered with State Bank of India (SBI), the country's largest lending provider, under which consumers will be able to avail powered Titan Pay from Yono SBI. Through this partnership, Titan and SBI have come up with a new range of stylish watches with the first-ever contactless payment facility in India.
Now SBI account holders will be able to make payments by tapping on Titan Pay Watch on the contactless payment POS machine. They will not need to swipe or insert their SBI bank card for transactions. This can be done by entering the pin-up to Rs. 2000. The standard contactless payment from the SBI card will be much easier through the secure certified near-field communication (NFC) chip inserted into the watch through tape technology.
The payment feature on watches will be available on more than 2 million contactless Master Card-enabled point-of-sale (POS) machines across the country. This collection of beautiful watches includes 3 styles for men and 2 for women, which are available at Rs' price. 2995 to Rs. 5995. All SBI and Titan consumers can avail of this attractive collection with contactless payments.
Speaking on occasion, Shri CK Venkataraman, Managing Director, Titan Company Limited, said, "Titan has always been a pioneer in design and innovation. We have always been launching our products, keeping in mind the changing needs of the consumers. SBI is our new partner for payment solutions, which provides a quick, secure, and easy payment solution. This product will not only cater to the banking needs of the consumers but also provide classic and luxurious designs to modern consumers of today.
Expressing his views on the partnership, Shri Rajnish Kumar, Chairman, SBI said, "We are delighted to be launching this unique initiative with Titan in the contactless payment space. We are happy that we have the opportunity to connect with the fifth largest watchmaker in the world to provide a smart and modern shopping experience to our Yono consumers. We believe that this new offering will completely change the way consumers buy with tap and pay technology. With its modern technologies, the State Bank of India has always been striving to provide modern and best banking services to the consumers.
Titan Company has always been focusing on innovations and looks forward to providing convenient services to consumers with modern technologies. Titan aims to keep providing smart and modern products to consumers through continuous investment in technology and design.
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