Bank of Baroda launches bob World Wave, a wearable payment solution

• bob World Wave will provide a convenient and a swift way to make payments with just a tap on the device
• Customers can make payments on-the-go of up to Rs.5000 without any PIN while shopping on PoS machines

Hyderabad/New Delhi, 13th December 2021: Bank of Baroda, the Best Technology Bank* 2021 and bob World, the Best Digital Banking Product* has joined hands with National Payments Corporations of India (NPCI) to launch bob World Wave, a wearable line of products for payments, integrated with a complete health ecosystem. Its core features include:

• The bob World Wave wearable device will allow customers to monitor their Sp02, body temperature, heart rate and blood pressure.
• With bob World Wave, the Bank is providing an exclusive 3-months free wellness package along with a personal health coach, doctor tele-consultation and interactive video coaching.
• The device will provide contactless payments of up to Rs.5000 in all NFC enabled PoS devices. Customers can do contactless payment above Rs. 5000 using a PIN. 
• The Bank will also provide a dummy plastic card (with the same card number printed as that of the wearable device along with expiry date and CVV) to enable customers to do e-commerce transactions at ease.

Speaking about the new product launch, Ajay K Khurana, Executive Director at Bank of Baroda said, “Wearable technology is witnessing a tremendous interest and absorption globally as people are increasingly adopting more convenient and cashless digital transactions. This is an innovative solution, intended to perfectly deliver preventive health actions as well as easier payment transactions. We are delighted to partner with NPCI to offer a state-of-the-art wearable payment solution to our customers by leveraging the existing NFC based technology.”
 
Speaking at the launch, Akhil Handa, Chief Digital Officer at Bank of Baroda said, “At Bank of Baroda, it is our endeavour to accelerate digital technology and implement innovation to meet the demands of the evolving modern age customers. Bank’s on the go wearable payment solution, bob World Wave is designed to ensure convenient and seamless digital payments by our customers. It is anticipated that 10% of the small ticket payments will be made via wearable devices in the next two years.”
 
Speaking at the launch, Mr. Nalin Bansal, Chief of Corporate and Fintech Relationships and Key Initiatives, NPCI said, “We are happy to partner with Bank of Baroda to launch OnTheGo smart payment wearables on the robust RuPay network. This will empower customers to carry out their day-to-day transactions securely and seamlessly. With the rapid increase of acceptance infrastructure, the demand for contactless payment mechanisms is on a steady rise. The overall consumer sentiment is in favour of wearables’ permanence in the payments industry. This first-of-its-kind offering is enabled with cutting edge innovation and is set to redefine the way contactless transactions will be made in the future.”

Bank of Baroda celebrates the grand success of Green Ride - Ek Pehal Swachh Hawa ki Aur’ with fitness icon Milind Soman:
Bank of Baroda celebrates the grand success of the ‘Green Ride - Ek Pehal Swachh Hawa ki Aur’ initiative with super-model and fitness enthusiast, Milind Soman. Under this initiative, Milind Soman accomplished 1400 km journey from Mumbai to Delhi via Gujarat, Rajasthan and Haryana on a bicycle and on an eco-friendly electric car. On his way to Delhi, Milind Soman visited Bank of Baroda’s branches in Godhra, Vadodara, Udaipur and Jaipur, and interacted with the Bank’s employees and customers. Milind also shared his experience of using ‘bob World’ app for his traveling and shopping needs and making his virtual banking experience hassle free.

The 56-year-old supermodel promoted significance of cleaner and healthier air for all living being by educating his fans about the importance of sustainable living and use of energy-efficient transportation. While visiting Bank of Baroda branches, Milind Soman planted saplings with the Bank’s executives.

On the occasion, Ms. Sammita Sachdev, Zonal Head, New Delhi, Bank of Baroda said, “The grand success of the Green Ride initiative with Mr. Milind is proof that people want to take steps for healthy  environment. Bank of Baroda is committed to reduce the impact of climate change risks and consciously work towards sustainable development of its banking operations. Only sustainable economic development can maintain the quality of environment and social ecosystems. To take our commitment one step forward, having partnered with a youth icon helped us to connect with the younger generation who is our future.”

Speaking at the celebration Milind Soman said, “Delighted, Grateful & Exhilarated! This sums up my journey on cycle from Mumbai to Delhi. The Green Ride was an effort to explore and promote healthier modes of transportation. I hope I was able to create some more awareness about how we are polluting the air we breathe, and efforts we all can make to reduce this pollution! Every small step that we take, like opting for a car pool, planting a tree, choosing to cycle rather than take a car, quitting smoking and so many other small ways, plays a huge role in making our environment healthier for us and all life on the planet. Will continue to champion for this cause and other important ones through more such initiatives in the future.”