7 Ring launches as India’s first contactless payment smart ring

Anvinraj Valiyathara — Mon, 13 Nov 2023 05:07:12 +0000

An India-based brand named Seven recently unveiled a new smart ring called the “7 Ring”. The USP of this smart ring is that it allows users to make contactless payments conveniently. Here is a look at all the features of the smart ring.

7 Ring: All the key features

7 Ring – smart ring by Seven

The 7 Ring can be utilized for payments through either NFC or UPI. To initiate a payment using the 7 Ring, users must create a closed fist and bring the ring near a point-of-sale (POS) machine, enabling payments via NFC. Notably, the ring is intentionally designed not to function if the user’s fingers are open, as a security measure to prevent fraud. In addition, when making a payment via UP, users do not need to enter an OTP or PIN to make payments below Rs 5,000 in India.

Setting up the ring initially requires the accompanying app, enabling users to load money onto it, but the app isn’t necessary for making payments. After the verification process, users can establish a prepaid wallet with a monthly transaction limit of Rs 10,000, which can be increased to Rs 2,00,000 through a video KYC verification. The app offers features to monitor transactions, set spending limits, and block the ring in case of loss.

7 Ring – smart ring by Seven

Additionally, the brand has promised to establish a platform for users using the 7 Ring for transactions, offering a range of rewards from partnered brands. This includes incentives such as cashback, raffles, prizes, and access to exclusive merchandise.

The 7 Ring functions as a passive wearable, drawing power directly from the POS machine during transactions. Owing to its design, the device operates without Bluetooth or an internal battery, eliminating the need for charging. Moreover, the 7 Ring provides a personalized experience with seven available size options, ensuring a comfortable and tailored fit for users. Lastly, it is an IP68-rated, dustproof, water-resistant device built with a scratch-resistant Zirconia Ceramic (ZrO2) material.

7 Ring price in India, availability

The 7 Ring comes with a competitive price tag, retailing at Rs 7,000. However, during an early bird offer, customers can avail of a discount, purchasing it for a reduced price of Rs 4,777. The official website of the Seven states that the 7 Ring boasts a 55-month validity period and is covered by a 1-year limited warranty.

Unfortunately, the 7 Ring is not widely available at present. Currently, the smart ring’s availability is restricted to individuals who have received an invite code from existing 7 Ring users.

7 Ring Archives - Gizmochina

7 Ring launches as India’s first contactless payment smart ring

7 Ring: All the key features

7 Ring price in India, availability