Wave

Overview

• BOB World Wave is a wearable smart device launched by Bank of Baroda.
• Facilitates contactless payments and integrates banking services for convenience.

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Features

1. Payment Functionality:
   • Contactless payments using Near Field Communication (NFC) technology.
   • Linked with Bank of Baroda accounts for secure transactions.
   • Tap and pay at POS terminals with NFC.
2. Smartwatch Features:
   • Tracks health metrics like steps, heart rate, and SpO2 levels.
   • Provides notifications for calls, messages, and reminders.
   • Monitors physical activity and fitness goals.
3. Banking Integration:
   • Easy linkage with BOB debit or credit cards.
   • Transactions reflected in the BOB World App for tracking.

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Eligibility

• Bank of Baroda customers with active debit or credit cards.
• Users should have NFC-enabled devices for payment setup.

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Benefits

1. Convenience:
   • No need to carry cards or cash; payment via wearable.
   • Quick tap-and-pay feature reduces transaction time.
2. Security:
   • Protected by NFC encryption and banking-grade security.
   • Transactions authorized only after setup and authentication.
3. Lifestyle Integration:
   • Combines fitness tracking with banking, offering a dual-purpose device.
   • Aimed at tech-savvy and health-conscious users.

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Usage Setup

1. Link BOB debit or credit card with the device.
2. Use NFC-enabled POS terminals for transactions.
3. View transaction history in the BOB World App.

Transaction Limits for BOB World Wave

Transaction Type	Limit per Transaction	Daily Limit	Authentication
Contactless (Without PIN)	₹5,000	Maximum 5 transactions allowed	N/A
Contactless (With PIN)	No specific cap	Up to ₹1,00,000 per day	PIN authentication
E-Commerce	N/A	Up to ₹1,00,000 per day	Reference card, CVV, and OTP authentication

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