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

Why in news?

• Bank of Baroda and bob World 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.

About bob World Wave

• 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.