IIT-Madras incubated Muse Wearables, NPCI to launch India’s first wearable payments ecosystem

Muse Wearables, an IIT-Madras incubated start-up up has partnered with the National Payments Corporation of India (NPCI) to launch India’s first wearable payments ecosystem, officials said on Monday.

The new ecosystem allows users to make instant, secure payments by tapping their wearable smart ring named “Ring One” on any NFC (near field communication) –enabled payment device — no phone, card, or wallet required.

Headquartered in Bangalore with operations in the US, Europe, and other regions, Muse Wearables is a 200-member deep-tech team designing…