City Union Bank launches RuPay ‘On-the-Go’ wearable keychain for debit card customers

City Union Bank launches RuPay ‘On-the-Go’ wearable keychain for debit card customers:

The keychain can be requested through net banking, mobile banking, and at CUB’s branches. However, as a part of the second phase of the launch, CUB is planning to integrate the On-the-Go wearables with prepaid/credit cards to serve non-CUB customers as well.

City Union Bank (CUB), in collaboration with National Payments Corporation of India (NPCI) and its manufacturing partner Seshaasai, has announced the launch of RuPay On-the-Go contactless wearable keychain for its debit card customers.

Payments on-the-go

Launched by Ashwini Vaishnaw, Union Minister for Railways, Communications, Electronics & Information Technology, on Sunday at New Delhi, CUB is introducing this keychain payment mode to enable customers to make payments on-the-go, according to a statement.

The keychain can be requested through net banking, mobile banking, and at CUB’s branches.

Key Features -

Customer can enable & Disable the keychain to make payment as and when needed using CUB’s Net Banking or Mobile Banking

Customers can set their own per day limit, per transaction limit from CUB’s Net Banking or Mobile Banking

· Fully self-assisted model and to be managed by the customer

· SMS will be sent for each transaction to the registered mobile number

· Keychain can be blocked immediately by calling our Customer Care/by sending SMS/Net/Mobile Banking, if needed

The Keychain can be requested through Netbanking/ Mobile banking and also at CUB Branches.

This On-the-Go solution allows the bank’s customers to carry payment cards on their keychains, making for fast and convenient payments up to ₹5,000 at all Rupay-enabled point of sale devices (PoS) without entering a PIN.

Customers would be required to hold the keychain in front of the PoS devices during payment, similar to tapping the card. For payments above ₹5,000, customers need to tap, followed by entering their PIN.

Second phase planned -

Currently, the keychain will be linked to the operative account of the customers. However, as a part of the second phase of the launch, CUB is planning to integrate the On-the-Go wearables with prepaid/credit cards to serve non-CUB customers as well.