Muse Wearables, which started its journey from IIT-Madras, has partnered with the National Payments Corporation of India (NPCI) to launch India’s first wearable payments ecosystem, powered by Muse Wallet and NPCI’s trusted RuPay network.
The new ecosystem allows users to make instant, secure payments by tapping their Smart Ring ‘Ring One’ on any NFC-enabled POS terminal — no phone, card, or wallet required. Already live in over 40 countries and supporting cards from nearly 600 banks, Muse Wallet now brings its platform to India through RuPay. The platform aims to make digital payments simple, secure, and accessible for millions of users, including those in Tier-2 and Tier-3 cities.
Muse Wearables partners with the National Payments Corporation of India (NPCI)
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Special Arrangement
Muse Wallet enables any RuPay credit or debit card to be converted into a secure digital token and stored directly inside a tamper-resistant Secure Element (SE) chip — the same grade of hardware security used in bank cards and passports. The firm claims that this will ensure complete isolation of sensitive credentials from the phone’s operating system or applications. Muse Wearables has already begun onboarding issuing banks onto Muse Wallet and aims to support all issuers in India.
How it works
Users add their RuPay card to the Muse App — either by scanning or by manual entry. Muse Wallet communicates with the Rupay card network and the issuer bank to generate a unique token for that card. The token is securely transmitted to the Secure Element inside Ring One, where it is encrypted and stored. When the ring is tapped at an NFC terminal, the Secure Element executes the transaction without ever exposing the actual card number. This hardware-level isolation makes Muse Wallet a new benchmark for wearable security in India. Payments work only when the ring is worn — removing it instantly disables transactions. If the ring is lost or stolen, the token remains inert and useless without the authenticated context.
K.L.N. Sai Prasanth, Co-Founder and CEO, Muse Wearables, said, “We are taking on foreign tech giants in the digital wallet ecosystem by creating a truly sovereign alternative for India. In the next two years, we aim to enable millions of RuPay cardholders to experience the convenience of wearable payments.”
“The global response to Muse Ring One Payments has been phenomenal. We are already live across 40 countries and 600 banks on the Mastercard network,” said Sahil Ajay Choudhary, Vice President – Global Business, Muse Wearables
Prathyusha Kamarajugadda, Co-Founder and COO, Muse Wearables, said, “With Muse Wallet, we are building India’s first Secure Element Tokenisation Platform, enabling users to add any RuPay card and pay instantly — no phone, no wallet, just a tap of your ring.”