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India’s First Wearable Payment System
October 18 , 2025
16 hrs 0 min
20
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- IIT Madras-incubated Muse Wearables partnered with NPCI (National Payments Corporation of India) to launch India’s first wearable payments ecosystem.
- The system enables users to make payments using the smart ring ‘Ring One’ by tapping on any NFC (Near Field Communication)-enabled POS (Point of Sale) terminal.
- No phone, card, or wallet is needed for transactions, and payments work only when the ring is worn.
- Muse Wallet uses RuPay to convert any RuPay card into a token stored in a Secure Element (SE) chip inside the ring.
- The SE chip ensures hardware-level security, isolating card data from the phone or apps.
- The platform is aimed at simplifying secure digital payments, especially for users in tier 2 and tier 3 cities.
- If the ring is removed, lost, or stolen, transactions are instantly disabled for security.
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