‘Wear N Pay’ – Contactless Payment Wearable Device

Current Context: Axis Bank has launched a range of wearable contactless payment devices named ‘Wear N Pay’.

• This range of devices linked to the customers’ bank account and thus perform like a regular debit card.
• The devices are available in various forms like the band, Key chain and watch loop with the starting price of Rs 750.
• Users need to wave the device at a POS machine for transactions up to Rs 5,000 and for transactions for more than Rs 5000, a PIN is required.
• Static Part: 
• HQ of Axis Bank: Mumbai
• MD and CEO of Axis Bank: Amitabh Chaudhry

Question: 

Q.1 Which bank launched ‘Wear N Pay’, a contactless wearable payment device?
a. Yes Bank
b. ICICI Bank
c. HDFC Bank
d. Axis Bank