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‘Wear N Pay’ – Contactless Payment Wearable Device

Published on March 12, 2021
Current Context: Axis Bank has launched a range of wearable contactless payment devices named ‘Wear N Pay’.
‘Wear N Pay’ – Contactless Payment Wearable Device
  • 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


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

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