Question: which of the following bank in India launched a wearable line of products for payments, integrated with a complete health ecosystem?
a) Punjab national Bank
b) State Bank of India
c) Bank of Baroda
d) None of these
Answer: (c)
Related Facts:-
- Bank of Baroda (BOB) in collaboration with National Payments Corporations of India (NPCI) has launched the bob World Wave.
- It is a wearable line of products for payments, integrated with a complete health ecosystem.
- A bob World Wave wearable device will allow customers to monitor their Sp02, body temperature, heart rate and blood pressure.
- With bob World Wave, BOB is providing an exclusive 3-months free wellness package along with a personal health coach, doctor tele-consultation and interactive video coaching.
- The device will provide contactless payments of up to ₹5,000 in all NFC enabled PoS devices.
- Customers under this facility can do contactless payment above ₹5,000 using a PIN.
- BOB will also provide a dummy plastic card (with the same card number printed as that of the wearable device along with expiry date and CVV).
- It will to enable customers to do e-commerce transactions at ease.
- Ajay K Khurana, Executive Director at Bank of Baroda said that wearable technology is witnessing a tremendous interest and absorption globally.
- He said that people nowadays, are increasingly adopting more convenient and cashless digital transactions.
By – Rajesh Tripathi