Pune: In a move set to redefine the future of wearable payments, Axis Bank, one of India’s largest private sector banks, has joined hands with boAt, the country’s leading wearables brand, and Mastercard, a global technology leader in payments, to launch boAt Wave Fortune, a smartwatch with integrated tap-and-pay NFC payment functionality.
Priced at ₹3,299 (introductory offer at ₹2,599), the boAt Wave Fortune enables Axis Bank debit and credit cardholders to make secure, tokenized contactless payments of up to ₹5,000 on POS devices without entering a PIN.
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The smartwatch leverages Crest Pay, boAt’s proprietary payments platform, and Mastercard’s tokenization technology, powered by TAPPY Technologies, to deliver a seamless, secure, and intuitive payment experience.
“We are thrilled to collaborate with boAt and Mastercard to bring contactless, tokenized payments to everyday life,” said Arnika Dixit, President & Head – Cards, Payments and Wealth Management, Axis Bank.
“With Wave Fortune, users can enjoy secure, real-time payments straight from their wrist, redefining digital convenience.”
Through this partnership:
- Axis Bank cardholders on Mastercard and VISA networks can tokenize their cards on the watch
- Payments are made by tapping the strap on any NFC-enabled POS device
- Users enjoy the same rewards and benefits as traditional card payments
- Transactions are protected through advanced encryption and token-based security
“Wave Fortune represents our commitment to next-level convenience,” said Sameer Mehta, Co-founder and CEO, boAt. “We’re bringing effortless, secure transactions to the wrist, making tap-to-pay a lifestyle reality.”
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“As payment experiences become more embedded into daily routines, wearables will lead the transformation,” added Gautam Aggarwal, Division President – South Asia, Mastercard. “We’re proud to enable tokenized payments that combine security, speed, and everyday utility.”
boAt Wave Fortune Smartwatch: Growing Consumer Demand
The boAt Wave Fortune smartwatch aligns with the growing consumer demand for frictionless, secure digital payments and marks a major step forward in India’s wearable fintech ecosystem.
