7 Ring Smart Ring: Payment will be done through the ring, and work will be done as soon as you touch the machine!
Now not only phones but also rings i.e. jewellery are becoming smart. Recently a brand named 7 has launched India's first contactless payment ring 7 Ring. It is noteworthy that this ring was showcased for the first time at the Global Fintech Fest 2023 in September this year. For your information, let us tell you that this smart ring has been developed in collaboration with NPCI.
This Ring tap-and-pay card works similarly to Samsung Pay and Apple Pay. However, the company claims that this ring is the safest of them all. Let us know the price of this ring and the features available in it.
7 Ring Specifications: Know Features
This stylish smart ring is scratch-resistant, which means it won't show any scratch marks. The upper part of this ring uses diamond glaze for a mirror-like finish, and the inside uses hypoallergenic resin for skin care.
The ring comes with an IP68 rating and the company claims that it is 100% waterproof and dustproof. It is RoHS-compliant, ensuring that the ring is completely safe. The ring is available in 7 different sizes.
This smart ring operates on NFC technology. After activating and setting up a prepaid wallet through the app, you can transact up to Rs 10,000 per month. After KYC verification, you can increase the limit up to Rs 2 lakh. The app allows you to view details of all transactions made through the ring and block it if the ring is lost.
Once set up, you can use Ring at any POS machine. To make payment you simply need to take the smart ring to the POS machine.
7 Ring Price: How much is this ring worth?
The price of this smart ring has been kept at Rs 7,000, but under the early bird offer, the company is currently selling this smart ring for Rs 4,777 for a limited time. For the convenience of customers, the company is offering the option of 6 months EMI. You can either buy the ring with full payment or opt for a 6-month EMI plan at Rs 829. With the ring, you get a 1-year limited warranty.