Muse Partners with NPCI to Launch India’s First Wearable Payments Ecosystem

Indian tech startup Muse Wearables has partnered with the National Payments Corporation of India (NPCI) to launch the country’s first wearable payments ecosystem powered by Muse Wallet and the RuPay network, as per the news reports. 

The system enables users to make quick, secure payments by tapping Muse’s smart ring, Ring One, on any NFC-enabled PoS terminal, without needing a phone, card, or wallet.

Vision and Development of Muse Wearables

Headquartered in Bengaluru and incubated at IIT Madras, Muse Wearables comprises a 200-member team designing innovative, human-centric technology. The company’s products are entirely conceptualised, designed, and manufactured in India, reflecting the “Make in India, Made for the World” vision. 

As per the news reports, K L N Sai Prasanth, cofounder and chief executive, Muse Wearables, said: “We are taking on foreign tech giants in the digital-wallet ecosystem by creating a truly sovereign alternative for India. This proves that world-class technology can be built right here in India. With Muse Wallet, we are making cashless payments effortless. In the next two years, we aim to enable millions of RuPay cardholders to experience the convenience of wearables payments.” 

He further expressed gratitude to NPCI, RuPay, LivQuik, and Infineon for their partnership in launching Ring One and Muse Wallet, India’s first secure element tokenisation platform.

About Muse Wallet

Muse Wallet lies at the core of this ecosystem, functioning as a secure payment platform that enables tokenised, hardware-level transactions through an embedded secure element within Ring One. 

It represents India’s first secure element tokenisation platform, developed in partnership with NPCI and RuPay to comply with global EMV and PCI standards. The wallet allows any RuPay credit or debit card to be converted into a secure digital token stored within a tamper-resistant secure element chip, ensuring the complete isolation of user credentials from phone systems or apps. 

Read More: NPCI May Soon Offer EMI Options for UPI Payments: Report!

Conclusion 

Muse Wallet and Ring One bring India a seamless, phone-free payment experience, combining security, convenience, and innovation. Developed entirely in India, the ecosystem aims to empower millions of RuPay users, set a global benchmark in wearable payments, and encourage widespread adoption across urban and Tier-II/III cities.

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