03.01.17
Giesecke & Devrient (G&D), in collaboration with CaixaBank, will distribute wearable wristbands for contactless payments among MWC 2017 attendees. The wristbands, manufactured by G&D, are lightweight, submersible and ergonomically designed.
There will be 936 million people using this technology to make payments by 2021, and the value of transactions will exceed €471,000 million.
They integrate a security chip based on Java technology where the CaixaBank payment application has been installed as well as an initial balance. G&D customers can verify its simplicity of use when making small payments in a great variety of shops in Barcelona. In addition, since it is a certified by Visa product, the wristbands can be used to pay in any country around the world. Its operation is similar to that of a prepaid chip card.
Apart from payments, the new wearable device can also be used as a building access control system or as a public transport card due to the NFC contactless technology and various mobile applications
There will be 936 million people using this technology to make payments by 2021, and the value of transactions will exceed €471,000 million.
They integrate a security chip based on Java technology where the CaixaBank payment application has been installed as well as an initial balance. G&D customers can verify its simplicity of use when making small payments in a great variety of shops in Barcelona. In addition, since it is a certified by Visa product, the wristbands can be used to pay in any country around the world. Its operation is similar to that of a prepaid chip card.
Apart from payments, the new wearable device can also be used as a building access control system or as a public transport card due to the NFC contactless technology and various mobile applications
