Indian audio wearables company Boat has teamed up with Mastercard, a global payment card services provider, to bring contactless payment capabilities to its smartwatch lineup. This partnership is designed to offer users a more streamlined and secure way to conduct transactions.
Streamlined Transactions
By integrating contactless payments into boAt smartwatches, Mastercard cardholders can enjoy smooth transactions directly from their wearable devices. Through the Crest Pay app, which is boAt's official application, users can easily tokenize their existing debit and credit cards from affiliated Mastercard banks. This allows them to tap and pay at all merchants that support contactless payments, eliminating the need for physical cards.
Payment Details and Security Features
The technology supports contactless payments for up to Rs. 5,000 without needing a PIN, making it ideal for daily purchases. This feature reduces the inconvenience of entering a PIN, resulting in faster and smoother transactions. To ensure security, Mastercard employs device tokenization, which safeguards transactions using cryptogram-based technologies—unique digital codes that replace sensitive card data.
Future Expansion Plans
Initially, this contactless payment feature will be available to Mastercard cardholders from a select group of leading banks in India. Mastercard and boAt plan to broaden the scope of this feature to include more banks in the future.
