Seven, a homegrown consumer technology brand, has unveiled its latest innovation in the form of the 7 Ring, a smart ring designed to facilitate convenient and secure contactless payments for users.
Priced at ₹7,000, the new 7 Ring provides an early bird offer at ₹4,777, presenting an attractive and affordable option for tech-savvy consumers.
It is currently only available to individuals who have received an invite code from an existing 7 Ring user.
The 7 Ring boasts a range of innovative features, including the utilisation of the latest NFC technology for seamless and secure payment transactions. Additionally, the ring is designed to be dust and waterproof, enhancing its durability and usability for everyday activities.
With a comfortable fit in mind, Seven has made the 7 Ring available in seven different sizes, ensuring a suitable option for a wide range of users.
To begin using the 7 Ring, users are required to utilise a user-friendly app provided by Seven to set up the ring and load money onto it.
The app also facilitates the management of transactions, allowing users to set spending limits and to block the ring in the event of loss or theft.
Moreover, the 7 Ring offers the convenience of a prepaid wallet with a monthly transaction limit of ₹10,000, which can be expanded to ₹2,00,000 following a video Know Your Customer (KYC) verification process.
While the 7 Ring presents an array of advanced functionalities, it is important to note that the smart ring is currently accessible only to those with an invite code from existing 7 Ring users.
Furthermore, the ring is specifically tailored for use within India, supporting payments through the Unified Payments Interface (UPI) but not extending to online transactions or payments made outside the country.
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