New Delhi: Muse Wearables, an IIT-Madras incubated start-up, has partnered with the National Payments Corporation of India (NPCI) to launch India's first wearable payments ecosystem, officials said on Monday.

The ecosystem allows users to make instant, secure payments by tapping their smart ring, “Ring One,” on any NFC-enabled payment device — no phone, card, or wallet required.

Headquartered in Bangalore with operations in the US, Europe, and other regions, Muse Wearables has a 200-member deep-tech team designing and manufacturing advanced products.

“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 wearable payments,” said KLN Sai Prasanth, Co-Founder and CEO of Muse Wearables.

Muse Wallet converts any RuPay credit or debit card into a secure digital token stored directly inside a tamper-resistant Secure Element (SE) chip — the same grade of hardware security used in bank cards and passports — ensuring sensitive credentials remain isolated from the phone's operating system or applications.

Elaborating on the technology, Prathyusha Kamarajugadda, Co-Founder and COO of Muse Wearables, said, “We are building India's first Secure Element Tokenisation Platform, enabling users to add any RuPay card and pay instantly — no phone, no wallet, just a tap of your ring. It is a proud moment to see an idea born in India set a new benchmark for personal technology globally.”