Answer- B
1)In collaboration with the smart-tech-enabled healthcare platform GOQii and powered by the National Payments Corporation of India (NPCI), City Union Bank has introduced a wearable payment solution named CUB fitness watch debit card. To make a payment, customers can hold the wristwatch near the PoS device, similar to tapping a card on PoS. Customers must tap and enter their PIN for payments above Rs 5,000. The initial cost of a smartwatch debit card is Rs 3,499, compared to its actual cost of Rs 6,499.
2)According to a statement by the bank, customers can ensure the safety and security of their payments made with the Fitness Watch Debit Card by setting payment limits using Net or Mobile Banking. Upon each transaction using the watch, an SMS will be sent to the registered mobile number. Customers can request the Fitness Watch Debit Card through Net or Mobile Banking, and manage the use of the wristwatch themselves through the CUB All in One Mobile App.