Titan, SBI launch contactless payment watches
Titan Company Limited has partnered with country’s largest lender State Bank of India (SBI) to introduce Titan Pay powered by YONO SBI. Through this partnership, Titan and SBI are launching a range of stylish new watches with contactless payment functionality for the first time in India. With this launch, SBI account holders can tap their Titan Pay watch on contactless payment POS machine without the need of swiping or inserting their SBI bank card. Payments of up to INR 2000 can be made without entering a PIN. A secure certified Near-Field Communication (NFC) chip embedded in the watch strap by Tappy Technologies enables all the functionalities of a standard contactless SBI debit card. The payment feature on these watches will be accessible on over 2 million contactless MasterCard-enabled Point-of-Sale (POS) machines in the country.
DBS Bank unveils hassle-free, online SME loans
DBS Bank India has unveiled its online credit solutions platform – DBS Digital Business Loans for SMEs. This segment-flagship platform from DBS improves the ease of accessing business credit for the entire spectrum of micro, small and medium-sized enterprises, offering credit up to INR 20Cr. The loan application process is simple and can be done online by just uploading bank statements, and IT Returns (financial statements for loans above INR 5Cr). The data-driven platform then pulls in credit-related information at the backend and runs a financial health analysis on the overall business of the applicant. The platform is enabled to auto-generate an e-offer letter if the lending criteria is met. Enterprises with a turnover of up to INR 25Cr can receive in-principle approval for loans of up to INR 5Cr within 24 hours* subject to completion of the loan application and fulfilment of the lending criteria. Subsequently, a final e-offer (subject to a successful verification process) for credit up to INR 5Cr for a company with a turnover up to INR 25Cr, can be sanctioned in just 5 working days*. Once the customer accepts the offer, DBS starts the valuation process. The disbursal can be made in as less as a week after the final sanction. DBS offers both, a DBS Relationship Manager (RM) – initiated self-serve (in select locations) as well as an RM-assisted credit application on the DBS Digital Business Loans platform.
Fastrack Launches Audio Sunglasses On Amazon Fashion
India’s foremost youth accessories brand, Fastrack, expanded its existing portfolio of smart eyewear with the launch of audio sunglasses on Amazon Fashion. With inbuilt Bluetooth speakers and mic, the product will enable users to manage a variety of everyday tasks like calls, navigation and music on the go. The smart eyewear has Bluetooth 4.1 connectivity with a range of 30ft and offers Android & Apple IOS interfaces. The Fastrack sunglasses combine functionality and style into one device and will be available in 3 variants – Blue, Black and Clear. These are equipped with a rechargeable lithium battery with up to 3 hours of playback in a single charge, along with a Micro USB. Enabled with Polarized and UV 400 Protection, the sunglasses also help shield users from the harsh rays of the sun. The product boasts features like weather and traffic updates, music and navigation, and much more. Launched in square frames, the smart sunglasses also help you stream millions of your favourite songs via apps like Spotify and Pandora to help users stay entertained and connected.
Mahindra introduces Contactless Payment convenience for customers
Mahindra & Mahindra Ltd. has introduced a new set of touchless, innovative & exciting payment convenience for all its customer payment options. The offerings are for accessories, extended warranty and workshop related payments for its entire range of vehicles. These unique features (other than plastic money) will enable customers to make payment through various payment options, at their leisure. The company is in the process of installing the devices/software at its dealerships and the facilities would be soon available across the country. The company will be providing contactless payment options to the customers not only in the showroom or workshop, but it is also extended to the customer’s doorstep through physical POS / e-POS methods, which can accept all major credit / debit cards and e-wallets. Customers will also be able to make payment through QR code or payment link shared via SMS by the dealer, from the convenience of their homes. In addition to the true contactless experience, customer will also be able to avail instant EMI on major credit / debit card payments at attractive rate of interest, thereby making the payments more affordable. The company will extend this feature to all the purchases that the customer would make during the lifecycle of the vehicle.
