boAt and Mastercard Collabed with Axis Bank to Provide Smooth Payments

News Desk, News Nation 360 : One of the biggest private sector banks in India, Axis Bank, revealed that it has partnered with Mastercard, a world leader in payments technology, and boAt, the country's top wearable brand, to seamlessly integrate tap & pay NFC enabled payments for its recently released "Wave Fortune," a state-of-the-art smartwatch. Wave Fortune, which is attractively priced at ₹3,299 (₹2,599 during special deals), is made to give users convenience, security, and an advanced smartwatch experience. Axis Bank card users can now safely tokenise and save their credit and debit cards on the WAVE Fortune Smartwatch through Crest Pay, boAt's official payment application. This enables them to pay contactless with ease. This service runs on Mastercard's tokenisation technology and is backed by TAPPY Technologies' strong token requestor infrastructure. It allows one-step payments of ₹5,000 or less on a POS terminal without having to input a PIN on the card, providing both speed and security. The payment solution, which runs on Mastercard, allows users to securely store and tokenise their cards in the smartwatch strap for hassle-free and fast transactions. Axis Bank credit and debit card users on Mastercard and VISA networks will keep availing the benefits and rewards of their associated card while paying using the Wave Fortune smartwatch. Commenting on the partnership, Arnika Dixit, President & Head - Cards, Payments and Wealth Management, Axis Bank, stated that to provide their clients with cutting-edge and safe digital banking solutions, Axis Bank have been consistently developing collaboration models driven by innovation. They are thrilled to have teamed up with boAt in their endeavour to genuinely enable payments while on the go, incorporating contactless payments into people's daily routines with ease. With the help of their experience with tokenised contactless payments, "Wave Fortune," a state-of-the-art smartwatch, will give users the utmost security and safety, together with a speedy and easy payment process.

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