Current Affairs · Digital Financial Ecosystems
Consider the following statements regarding high-tech financial payment systems and contemporary smart wearables ecosystems introduced in partnership with the National Payments Corporation of India (NPCI): 1. Advanced smart rings utilize contactless Near Field Communication (NFC) protocols to process financial payments seamlessly across compliant Point of Sale (POS) infrastructure. 2. To complete localized microtransactions at POS terminals, these payment frameworks explicitly require continuous tethered internet connectivity active directly on the smart ring hardware asset itself. Which of the statements given above is/are INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither 1 nor 2
- 2Only 2✓
- 3Both 1 and 2
- 4Only 1
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