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Which company did IndusInd Bank collaborate with to launch 'Indus PayWear,' offering tokenised wearables for debit and credit cards?
- a)Visa
- b)American Express
- c)PayPal
- d)Mastercard
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which company did IndusInd Bank collaborate with to launch Indus PayWe...
IndusInd Bank collaborated with Mastercard to introduce 'Indus PayWear,' offering tokenised wearables for debit and credit cards. This collaboration aims to enhance payment flexibility, convenience, and security for users, providing various wearable options and ensuring swift and secure transactions globally.
Most Upvoted Answer
Which company did IndusInd Bank collaborate with to launch Indus PayWe...
Collaboration with Mastercard for Indus PayWear:
IndusInd Bank collaborated with Mastercard to launch Indus PayWear, a service that offers tokenised wearables for debit and credit cards. This innovative offering allows customers to make contactless payments using wearable devices such as smartwatches, fitness bands, and other accessories.
Benefits of Indus PayWear:
- Convenience: With Indus PayWear, customers can make payments quickly and easily without the need to carry physical cards or cash.
- Security: The use of tokenisation technology ensures that sensitive card information is protected during transactions, reducing the risk of fraud.
- Fashionable: The wearables offered through Indus PayWear are designed to be stylish and functional, allowing customers to make payments in a trendy and convenient manner.
Mastercard's Role:
- As a global leader in payment technology, Mastercard provided the secure infrastructure and expertise needed to enable tokenised payments through wearable devices.
- By partnering with Mastercard, IndusInd Bank was able to leverage their advanced payment solutions and ensure a seamless and secure experience for customers using Indus PayWear.
In conclusion, the collaboration between IndusInd Bank and Mastercard for the launch of Indus PayWear demonstrates a commitment to innovation in the banking sector and a focus on providing customers with convenient and secure payment options.
IndusInd Bank collaborated with Mastercard to launch Indus PayWear, a service that offers tokenised wearables for debit and credit cards. This innovative offering allows customers to make contactless payments using wearable devices such as smartwatches, fitness bands, and other accessories.
Benefits of Indus PayWear:
- Convenience: With Indus PayWear, customers can make payments quickly and easily without the need to carry physical cards or cash.
- Security: The use of tokenisation technology ensures that sensitive card information is protected during transactions, reducing the risk of fraud.
- Fashionable: The wearables offered through Indus PayWear are designed to be stylish and functional, allowing customers to make payments in a trendy and convenient manner.
Mastercard's Role:
- As a global leader in payment technology, Mastercard provided the secure infrastructure and expertise needed to enable tokenised payments through wearable devices.
- By partnering with Mastercard, IndusInd Bank was able to leverage their advanced payment solutions and ensure a seamless and secure experience for customers using Indus PayWear.
In conclusion, the collaboration between IndusInd Bank and Mastercard for the launch of Indus PayWear demonstrates a commitment to innovation in the banking sector and a focus on providing customers with convenient and secure payment options.
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Which company did IndusInd Bank collaborate with to launch Indus PayWear, offering tokenised wearables for debit and credit cards?a)Visab)American Expressc)PayPald)MastercardCorrect answer is option 'D'. Can you explain this answer? for CUET Commerce 2025 is part of CUET Commerce preparation. The Question and answers have been prepared according to the CUET Commerce exam syllabus. Information about Which company did IndusInd Bank collaborate with to launch Indus PayWear, offering tokenised wearables for debit and credit cards?a)Visab)American Expressc)PayPald)MastercardCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CUET Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which company did IndusInd Bank collaborate with to launch Indus PayWear, offering tokenised wearables for debit and credit cards?a)Visab)American Expressc)PayPald)MastercardCorrect answer is option 'D'. Can you explain this answer?.
Which company did IndusInd Bank collaborate with to launch Indus PayWear, offering tokenised wearables for debit and credit cards?a)Visab)American Expressc)PayPald)MastercardCorrect answer is option 'D'. Can you explain this answer? for CUET Commerce 2025 is part of CUET Commerce preparation. The Question and answers have been prepared according to the CUET Commerce exam syllabus. Information about Which company did IndusInd Bank collaborate with to launch Indus PayWear, offering tokenised wearables for debit and credit cards?a)Visab)American Expressc)PayPald)MastercardCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CUET Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which company did IndusInd Bank collaborate with to launch Indus PayWear, offering tokenised wearables for debit and credit cards?a)Visab)American Expressc)PayPald)MastercardCorrect answer is option 'D'. Can you explain this answer?.
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