City Union Bank launches Easy Pay contactless debit card in a Key Chain and Fitness Watch

25 Jan 2022 , 10:48 AM

In its press release on Monday, City Union Bank Ltd. announced the launch of “On the Go Payment Solution through Debit card in a Fitness Watch.” The wristwatch will be mapped to the operative account of the customer.

To make payments at PoS machines, customers need to hold their wristwatch in front of the PoS device like tapping the card on PoS. For payments above Rs 5,000, customers need to tap and fill in their PIN. Customers can also set a limit for their payments using Net/Mobile banking. Payments made through this Debit card in a smartwatch are safe and secure. Customers will receive updates for every transaction on their number registered with the bank. Customers can activate their Fitness Watch Debit card through Net banking/ Mobile Banking and can manage their usage of the watch through CUB Net Banking/ All in one Mobile App.

Besides being able to make a contactless payment, this Fitness Watch enables the user to monitor their oxygen levels (SP02), body temperature, blood pressure, heart rate and consists of 18 exercise modes. The watch comes along with a free wellness package for three months comprising a personal health coach, interactive video coaching, and doctor tele-consult.

Earlier, City Union Bank also launched their Debit card in a key chain which also enables contactless payment On the Go solutions. The bank’s primary focus is on promoting contactless payments as part of its overall strategy to offer a bouquet of Digital Solutions with a motive to increase digital transactions.

City Union Bank is currently trading at Rs142.20 up by Rs3.65 or 2.63% from its previous closing of Rs138.55 on the BSE. The scrip opened at Rs138 and has touched a intraday high and low of Rs142.20 and Rs137 respectively.