7 Ring price in India, availability
- The startup has mentioned that the all-new 7 Ring smart ring can be purchased at Rs 7,000.
- As part of an early bird offer, buyers can purchase the smart ring at a discounted price of Rs 4,777.
- The official website mentions that the 7 Ring has a validity of 55 months and a 1-year limited warranty.
- Currently, it’s only accessible to people who have an invite code from existing 7 Ring users.
It is worth mentioning that the recently launched boAt Ring comes for Rs 8,999, and the Noise Luna smart ring is priced at Rs 15,999 for Indian consumers.
7 Ring features, how it works
- The 7 Ring lets you make payments easily with a simple tap.
- The smart ring uses the latest NFC technology and is dust and waterproof.
- The 7 Ring is available in seven different sizes for a comfortable fit.
- You can manage it with a user-friendly app from 7, making your transactions more convenient and secure.
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Here’s how it works
- 7 Ring uses NFC technology and has the same security standards as international payment methods.
- You need an app to set up the ring and load money onto it, but it is not needed for payments.
- After initial verification, you can set up a prepaid wallet with a Rs 10,000 monthly transaction limit.
- You can increase the limit to Rs 2,00,000 after a video KYC verification process.
- The app lets you check transactions, set spending limits, and block a lost ring.
- To make a payment, you make a fist and bring the ring close to a payment machine; it won’t work if your fingers are open to prevent fraud.
- The payment machine powers the ring, so there is no need to worry about charging it, and it doesn’t use Bluetooth.
- It only works for payments in India using UPI and doesn’t support online payments or payments outside India.