7 Ring, a Mumbai-based startup, has attracted attention with its unique smart ring that allows users to make payments without the need for cards or smartphones. The product’s innovative approach has drawn the interest of investors, including a competitive remark from Boat CEO, Aman Gupta. This article will discuss everything about the latest 7 Ring, including its expected price in Nepal.
The 7 Ring uses NFC technology for contactless payments. It connects to a mobile wallet via UPI Lite, making transactions easy without requiring a bank account.
7 Ring Overview
NFC Payment Technology
Design and Setup
The ring is waterproof and dustproof, built for durability. It comes in seven sizes to fit different users and doesn’t need charging as it’s powered by the payment machine. The ring features a prepaid wallet with a Rs 10,000 monthly limit, expandable to Rs 2,00,000 after KYC verification. It also functions as a metro train card.Broad Compatibility
Compatible with major payment networks like MasterCard, RuPay, and Visa, the 7 Ring works with a variety of payment machines. It can also be used as a metro card.7 Ring Specifications
- NFC Technology: Enables contactless payments
- Waterproof and Dustproof
- Sizes: Available in seven sizes for a comfortable fit
- Prepaid Wallet: Rs 10,000 limit (Rs 2,00,000 after KYC)
- Charging: Powered by the payment machine
- Compatible with: MasterCard, RuPay, Visa
7 Ring Price in Nepal and Availability
The 7 Ring is priced at Rs 7,000 in India, with an early bird offer of Rs 4,777. If it comes to Nepal, it would likely start at no less than NPR 8,400. Availability is limited, requiring an invite code from existing users.- Meanwhile, check out the review of the OnePlus 13R
Article Last updated: January 24, 2025
