Kotak Mahindra Bank and GOQii Launches Smartwatch for Contactless Payments

Current Context: Kotak Mahindra Bank has partnered with GOQii to introduce a new smartwatch that allows users to make contactless payments.

• This innovative device, named Kotak - GOQii Smart Vital Plus, combines payment functionality with health monitoring features.
• Key Features:
• Contactless Payments: Powered by RuPay On-The-Go, users can make seamless transactions up to INR 5,000 without needing a PIN.
• Health Monitoring: Tracks blood pressure, body temperature, and SpO2 levels.
• User-Friendly Interface: Easy to navigate and access payment options.
• Security: Offers the same level of security as traditional contactless cards and mobile devices.

Question:

1 Which payment technology powers the contactless payment feature in the Kotak - GOQii Smart Vital Plus smartwatch?

• A) Visa Tap-to-Pay
• B) MasterCard PayPass
• C) RuPay On-The-Go
• D) NFC PayLink

Answer: C) Powered by RuPay On-The-Go, users can make seamless transactions up to INR 5,000 without needing a PIN.