India’s First Contactless Payment Wearable “OTG Ring”

By Srikanto Mandal 18 Sept, 2023

National Payment Corporation of India (NPCI) has unveiled the 'RuPay ON-THE-GO' ring, aptly named the '7 Ring.'

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This innovative wearable ring marks a significant milestone as the first contactless payment device crafted entirely in India.

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The OTG '7 Ring launched at the Global Fintech Fest, 2023 (GFF 2023) which was held in Mumbai, Maharashtra, India, from September 5th to 7th, 2023.

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To buy the '7 Ring', you must be an Indian resident aged 18 or over with an active UPI address and You must satisfy at least one of the invite-only criteria.

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The '7 Ring' is made from zirconia ceramic (ZrO2), which is a strong and scratch-resistant material that is also used in airplanes and rockets.

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You can pay for things easily by just putting your fist on a POS machine. It is designed to work with a digital prepaid wallet, so you don't need a traditional bank account.

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The '7 Ring' has a range of 4 cm, which means that it needs to be placed within 4 cm of a contactless reader in order to work.

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'7 Ring' is a passive device which means that it does not need its own battery, but instead gets power from the POS machine.

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