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IIT-Madras Incubated Muse Wearables Launches India’s First Wearables Payment Ring “Ring One”.

Banking & Finance | Dated: 16 Oct 2025

On October 13, 2025, Muse Wearables, an IIT-Madras incubated startup, partnered with the National Payments Corporation of India (NPCI) to launch India’s first wearables payment ecosystem through its innovative device, Ring One, enabling secure and contactless payments.

🎯 Key Highlights:

  • - Ring One supports Near Field Communication (NFC) payments, allowing users to tap the ring on any NFC-enabled Point of Sale (POS) terminal to make payments without requiring a phone, card, or wallet.
  • - Payments are processed via the Muse Wallet, a deep-tech payments platform, in partnership with the Rupay Network managed by NPCI. The ring converts Rupay debit and credit cards into a token securely stored inside a tamper-proof Secure Element (SE) chip embedded in the device.

💡 Other Important Facts:

  • (i) The ring only allows transactions when worn and automatically disables payment capabilities when removed, preventing unauthorized use in case of loss or theft.
  • (ii) This launch marks India’s first wearables payment ecosystem, combining convenience, cutting-edge technology, and secure digital payment infrastructure in a compact wearable device.

📚 Test Your Knowledge:

Which IIT-incubated startup recently launched India’s first wearables payment ring “Ring One”?

Correct Answer: Muse Wearables

🚀 Quick Recap: