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Detailed explanation-1: -The correct answer is Axis Bank. Axis Bank has launched a range of wearable contactless payment devices under the brand Wear ‘N’ Pay. The devices comprise different forms of wearables like a band, key chain, and watch loop.

Detailed explanation-2: -BillBox, a solution provider in the payments and merchant ecosystem in India, has introduced TapTap, a wearable device facilitating contactless payments, in association with NSDL Payments Bank and Visa. The objective is to accessorise payment and provide convenience to users, the company said.

Detailed explanation-3: -What is Wear ‘N’ Pay Wear ‘N’ Pay is an Axis Bank wearable program which include devices that can be used as a debit card to make contactless transactions and can be worn easily or incorporated into existing accessories to carry out contactless payments on the go.

Detailed explanation-4: -Contactless wearable payment devices use radio waves to make payments. This means you don’t need to remove your device from your clothing or place it near the payment terminal. You can use contactless wearable payment devices with most cards and smartphones.