City Union Bank, the oldest Private Sector Bank in India, in association with smart-tech-enabled preventive health care platform GOQii and controlled by National Payments Corporation of India (NPCI), has launched a wearable payment solution called CUB fitness watch debit card.
“We utilized advanced technology to enable our clients to make digital transactions in a contemporary, safe and secure fashion. We are glad to present this CUB Easy Pay Debit Card in a Fitness Watch giving our clients a simple tap and go payment solution,” said N Kamakodi, managing director and CEO of City Union Bank.
Clients need to hold this wristwatch in front of the PoS gadget during installment like tapping the card on PoS. For installments above ₹5,000, clients need to tap and enter their PIN. The early-on cost of a smartwatch debit card is ₹3,499, when contrasted with an actual cost of ₹6,499).
Clients can draw certain lines for their payments utilizing Net/Mobile Banking. Payments made utilizing this Debit Card in a Fitness Watch are safe and secure, the bank said in a statement. For every transaction done utilizing the watch, SMS will be sent to the registered mobile number. Clients can raise a request for the Fitness Watch Debit Card through Net banking/Mobile banking. The use of wristwatches can be managed by clients all alone through CUB All in One Mobile App.