Mon Oct 13 09:26:32 UTC 2025: Here’s a summary of the text followed by a news article rewrite:
**Summary:**
Muse Wearables, an IIT-Madras incubated company, has partnered with NPCI to launch India’s first wearable payments ecosystem using their “Ring One” smart ring and Muse Wallet, powered by RuPay. This allows users to make contactless payments by tapping the ring on NFC-enabled POS terminals, eliminating the need for phones, cards, or wallets. The Muse Wallet platform securely stores digital tokens of RuPay cards within a tamper-resistant Secure Element chip in the ring, ensuring high security. The ring only functions for payments when worn, and is inert if lost or stolen. Muse Wearables aims to onboard all Indian banks onto Muse Wallet and bring wearable payments to millions of RuPay cardholders across India.
**News Article:**
**Indian Startup Launches ‘Ring One’: A Contactless Payment Revolution**
**CHENNAI, October 13, 2025** – In a groundbreaking development for the Indian fintech landscape, Muse Wearables, in collaboration with the National Payments Corporation of India (NPCI), has unveiled “Ring One,” India’s first wearable payments ecosystem. This innovative system, powered by Muse Wallet and NPCI’s RuPay network, allows users to make secure, contactless payments simply by tapping the sleek smart ring on any NFC-enabled point-of-sale (POS) terminal.
“Ring One” eliminates the need for traditional wallets, cards, or even a smartphone. Users can link their RuPay credit or debit cards to the Muse Wallet app, which then generates a secure digital token stored within a tamper-resistant Secure Element (SE) chip inside the ring. This hardware-level security, comparable to that used in bank cards and passports, ensures the protection of sensitive financial information.
“We are taking on foreign tech giants in the digital wallet ecosystem by creating a truly sovereign alternative for India,” said K.L.N. Sai Prasanth, Co-Founder and CEO of Muse Wearables. The company plans to onboard all issuing banks in India and reach millions of RuPay cardholders across the country, particularly in Tier-2 and Tier-3 cities, within the next two years.
A key security feature is that payments are only authorized when the ring is worn; removing the ring instantly disables transactions. If lost or stolen, the digital token becomes inactive, rendering the ring useless for unauthorized payments.
“With Muse Wallet, we are building India’s first Secure Element Tokenisation Platform, enabling users to add any RuPay card and pay instantly,” stated Prathyusha Kamarajugadda, Co-Founder and COO of Muse Wearables.
Muse Wearables, an IIT-Madras incubated company, has already seen success with “Ring One” in over 40 countries with 600 banks on the Mastercard network. Now, with its partnership with NPCI and RuPay, the company is poised to transform the digital payments landscape in India, offering a convenient, secure, and truly innovative solution for consumers.
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