City Union Bank in association with smart-tech-enabled preventive healthcare platform GOQii and powered by the National Payments Corporation of India (NPCI), has launched a wearable payment solution called CUB fitness watch debit card. Customers need to hold this wristwatch in front of the PoS device during payment like tapping the card on PoS. For payments above Rs 5,000, customers need to tap and enter their PIN. The introductory price of a smartwatch debit card is Rs 3,499, as compared to an actual cost of Rs 6,499).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Customers can set limits for their payments using Net / Mobile Banking. Payments made using this Debit Card in a Fitness Watch are safe and secure, the bank said in a statement. For each transaction done using the watch, SMS will be sent to the registered mobile number. Customers can raise a request for the Fitness Watch Debit Card through Net banking/ Mobile banking. Usage of wristwatches can be managed by customers on their own through CUB All in One Mobile App.
Important takeaways for all competitive exams:
Did you know that every year the world waits eagerly for one of the biggest…
The major Egypt archaeological discovery has solved a mystery. This mystery that remained unanswered for…
The medieval Gajapathi inscription has been discovered at the Lakshmi Narasimha Swamy Temple in Ramachandrapura…
The process to the appointing State Director General of Police (DGP) has been changed after…
Surya Midha has created headline after matching the youngest billionaire milestone. Earlier this milestone was…
Did you know that many islands around the world have unique nicknames based on their…