Smartwatch Payments

byPaytm Editorial TeamLast Updated: August 19, 2025

Meaning

Smartwatch Payments allow users to make contactless payments using a smartwatch linked to their bank account or digital wallet.

How It Works

The smartwatch uses Near Field Communication (NFC) technology. Users tap their watch on a POS machine to complete secure payments.

Benefits

  • Convenient and quick
  • Works without carrying a phone or card
  • Secure with PIN or biometric locks

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

MoratoriumLast Updated: November 14, 2025

Meaning A Moratorium is a temporary pause given by banks on loan repayments for a specific period. During…

UPI Recurring PaymentsLast Updated: July 18, 2025

Meaning UPI Recurring Payments allow users to set up automatic payments for regular expenses like subscriptions, insurance, or…

UPI Payment ValidationLast Updated: October 21, 2025

Meaning UPI Payment Validation checks the transaction details, account information, and UPI PIN before approving a payment. Purpose…

Low-Value PaymentsLast Updated: September 15, 2025

Meaning Low-value payments are small-sized transactions usually made for everyday expenses. These are quick and often completed without…