India, June 18 -- Axis Bank, boAt, and Mastercard have partnered to introduce contactless NFC payment functionality on the newly launched Wave Fortune smartwatch. The wearable, which is priced at Rs.3,299 and available at an introductory offer of Rs.2,599, enables users to make tap-and-pay transactions using Crest Pay, boAt's dedicated payment app.

The integration allows Axis Bank credit and debit cardholders on Mastercard and Visa networks to securely tokenise and store their cards within the smartwatch strap. This is made possible through Mastercard's tokenisation system and the infrastructure provided by Tappy Technologies. Users can make single-tap transactions of up to Rs.5,000 at any compatible POS terminal without the need to ente...