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About 7
7 (Sevenring Innovations Private Limited) is a consumer electronic startup from India, developing innovative products at the intersection of Fintech and Wearables.
7 is building India’s first open-loop contactless payment wearable ring, 7 Ring, in collaboration with RuPay.
7 Ring is the most advanced form of making payments today. It is a game changer that provides you an unparalleled convenience and experience.
7 Ring doesn’t require a smartphone app or an OTP / PIN for making payments below INR 5,000 in India. 7 Ring is a passive wearable that draws power from the POS machine, so has no battery and doesn’t require charging like other wearables.
7 Ring doesn’t require pairing with a smartphone, instead it is linked to a digital prepaid wallet in the cloud. 7 Ring works on Near Field Communication (NFC) technology, is EMVco certified, and contains the same security standards which are used in payment instruments worldwide by all leading networks.
7 Ring is 100% waterproof & dustproof and its inner electronics are certified for ingress protection of dust and water to a maximum depth of 1.5 metres for up to 30 minutes. 7 Ring is RoHS compliant, as neither its body nor any of its electronic components contain any hazardous substances.
Users can use 7 Ring for making payments on-the-go, without having to carry their bulky wallets containing cash and multiple cards. Not to mention, it also averts the pain that one has to go through, if a physical wallet is lost or stolen.
7 Ring is a sleek wearable, precision milled from a premium aerospace grade, highly scratch-resistant Zirconia Ceramic (ZrO2) material which is diamond glazed to an elegant and flawless mirror finish on the outside and a band of hypoallergenic resin on the inside.
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