HomeNews7 ring India's first contactless payment ring launched in India: price, features

7 ring India’s first contactless payment ring launched in India: price, features

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HIGHLIGHTS

  • The smart ring is waterproof and dustproof, and it makes use of the newest NFC technology.
  • For a comfortable fit, 7 Ring is offered in seven distinct sizes.
  • You can block a misplaced ring, monitor transactions, and set spending limits with the app.

A few days after boAt and Noise introduced their smart rings, Seven, a domestic consumer technology company, debuted 7 band, a new smart band that is reasonably priced and enables contactless payments. The cost and availability of the new 7 Ring are listed below.

7 Ring price and availability in India

  • The price of the brand-new 7 Ring smart ring is Rs 7,000.
  • Customers can get the smart ring for a discounted price of Rs 4,777 as part of an early bird offer.
  • According to the official website The 7 Ring is said to have a 55-month validity and a one-year limited warranty.
  • At the moment, only those with an invite code from active 7 Ring users can access it.

It is important to note that the Noise Luna smart ring costs Rs 15,999 for Indian customers, while the recently released boAt Ring costs Rs 8,999.

7 Ring Specifications

  • With just a tap, you can effortlessly make payments with the 7 Ring.
  • The smart ring is waterproof and dustproof, and it makes use of the newest NFC technology.
  • For a comfortable fit, the 7 Ring comes in seven distinct sizes.
  • Your transactions will be more convenient and secure if you handle it with easy-to-use software from 7.

How 7 ring works

  • 7 Ring has the same security requirements as other international payment systems and makes use of NFC technology.
  • The ring can be configured and loaded with money using an app, but payments do not require it.
  • You can create a prepaid wallet with a monthly transaction limit of Rs 10,000 after the initial authentication.
  • The limit can be raised to Rs 2,00,000 following a video KYC verification procedure.
  • You can block a misplaced ring, monitor transactions, and set spending limits with the app.
  • In order to prevent fraud, you must create a fist and bring the ring close to the payment machine. If your fingers are open, the system will not accept a payment.
  • The ring doesn’t use Bluetooth and is powered by the payment machine, thus charging is not an issue.
  • It does not support online payments or payments made outside of India; it is only compatible with UPI payments made within India.
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