Categories: Banking

SBI, Titan launch contactless payment watches “Titan Pay”

Titan Company has partnered with the State Bank of India (SBI) to launch India’s first contactless payment watches named “Titan Pay”. Using these watches, the account holders of SBI can tap their Titan Pay watch on the contactless payment POS machines for making payments. It is powered by YONO SBI.

Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams

About “Titan Pay”

  • Under this mechanism, payments of up to Rs. 2,000 can be made without entering a PIN, as per the RBI guidelines.
  • A secure certified near-field communication (NFC) chip developed by Tappy Technologies has been embedded in the watch strap that will enable the tap and pay feature in the watch.
  • The Titan Pay watch will act as a contactless debit card.
  • The payment feature on these watches will be accessible on over 2 million contactless MasterCard enabled PoS machines in the country.
  • This collection of Titan watches include three styles for men and two for women and are priced between Rs 2,995 and Rs 5,995.

Important takeaways for all competitive exams:

  • Chairman of Titan Company: N Muruganandam.
  • Titan Company Founded: 1984.
  • Titan Company Headquarters: Bengaluru, Karnataka.
  • Chairman of SBI: Rajnish Kumar.
  • SBI Headquarters: Mumbai, Maharashtra.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Leave a Comment
Share
Published by
Sumit Arora
6 years ago

Recent Posts

India Plans Mandatory Automatic Emergency Braking in New Cars from October 2030

India is set to consider to making the Advanced Emergency Braking Systems (AEBS) mandatory in…

16 hours ago

ISRO to Launch NVS-03 Navigation Satellite on October 30, 2026

Indian Space Research Organization (ISRO), the NVS-03 navigation satellite will be launched on October 30ht…

17 hours ago

UNESCO World Heritage Sites of India – Day 2: Ajanta Caves History and Key Facts

The Ajanta Caves, which are located inside a horseshoe-shaped gorge in Maharashtra, contain some of…

18 hours ago

India Notifies New Telecom Rules for Testing Emerging Technologies

The Ministry of Communications, from the Department of Telecommunications (DoT) has notified the Telecommunications (Regulatory…

18 hours ago

SIMBEX-2026: 33rd India-Singapore Maritime Exercise Begins in Visakhapatnam

The 33rd edition of the bilateral maritime exercise between Singapore and India (SIMBEX-2026) commenced on…

20 hours ago

Folk Artist Devadas Chimakode Selected for Karnataka Janapada Award 2026

Venerable folk artist Devadas Chimakode has won the prestigious annual honorary award of Karnataka Janapada…

20 hours ago