Author: JT

Michael Kors smartwatch unveiled to reveal large wearables

| September 12, 2016

The new Access wearable technology is designed to combine tech and fashion in one device.

The Michael Kors smartwatch, called the Access, has launched. It has been anticipated for some time now and beyond the tech, many have wondered what it would look like. Now that its design has been revealed, there are a few things that stand out. The first is that it is quite attractive. The second is that it is very big.

Until now, most smartwatches have been a chunky gadget that could be customized with its strap.

There have been choices in wearable technology in which consumers can pick either nice band or a nice face. That said, no matter what, wearables tend to be a kind of fashion statement unto themselves. The Michael Kors smartwatch looks as though it might be among the first – if not the very first – to bring high levels of wearable technology and fashion into a single device. This gadget was created by the celebrated American designer in the hopes of bringing the tech into the fashion world.

The Michael Kors smartwatch runs on Android Wear and is currently offered in two different styles.

The “Bradshaw” is the smartwatch with the more feminine appearance. It has an all metal design. The “Dylan” is the wearable technology being marketed toward men. It has a sportier design. Both the Dylan and the Bradshaw are quite chunky and are definitely statement pieces. The Bradshaw is 44.5mm and the Dylan is 46mm. Both devices have a starting price of $350.

According to a Mashable report, Michael Kors created its smartwatch due to the fact that people feel that being connected all the time is crucial, regardless of where they are or what they do. A statement from the company said that their wearable technology devices provide “the best of both worlds — reliable technology and great design. We didn’t want our fans to have to choose between fashion and technology, so we’ve made it possible to have both.”

The two Michael Kors smartwatch designs come with additional options. The Dylan has three color choices and six possible straps. Of those straps, two are leather and four are silicone. The Bradshaw comes in a larger number of different metallic colors and strap possibilities. Furthermore, the faces can be customized for highlight colors, as well as dial and hand colors.

National mobile payments system launches in India

| September 1, 2016

The Unified Payments Interface is meant to simplify transactions over smartphones in the country.

The national payments system launched in India this week. The Unified Payments Interface (UPI) is designed to let shoppers complete transactions using mobile phones. So far, the launch includes 21 particpating banks. Customers of those banks can already use the mobile payments services.

Among the banks include ICICI, Axis Bank, Yes Bank as well as eighteen others in India.

With UPI, customers can use the national mobile payments system to both send and receive money. All they need is a smartphone and an account with a participating bank. This system functions by assigning a “virtual identifier” to a user, instead of a person’s actual identity. The purpose is heightened mobile security. There are a number of different functions available by way of the platform. The functions include: bill payments, barcode based in-store purchase transactions, real-time peer to peer (P2P) transactions, delivery payments as well as several others.

The national mobile payments system was initially announced in April and has since been pilot tested.

National Mobile Payments - IndiaThe pilot initially consisted of bank employees. Now that the pilot is complete, availability has broadened substantially. Any Indian bank with more than 1,000 pilot customers and a success rate of 80 percent with 5,000 or more transactions can use the UPI mobile apps. They can offer their branded version of UPI mobile payments applications by way of the Google Play store. That way, it can be accessed by the general public in India.

By using those requirements for launching the mobile apps in the Google Play store, the goal was to incentivize participation in the pilot. That way, there would be a greater capability for improving the application before the nationwide launch. It is possible for existing mobile users to integrate their platforms into the Unified Payments Interface.

Some have predicted that this national mobile payments platform will be very helpful in boosting e-payment adoption in India. That opportunity has the potential to move the country forward in its progress toward financial inclusion. This is important as only just over half of Indians (53 percent) currently have bank accounts.