Wireless or contactless payment is not a new technology, but just like any innovative or groundbreaking tech out there, what’s important is how it’s executed and implemented. Gemalto’s contactless payment system powered by the new Optelio Contactless MiniTag is a new form factor that makes payment very easy on the move. With it’s miniature size, it can fit in a customizable wrist band and in the world where we are trying to do things as possible, it completely makes sense to have something mountable on the wrist for making payments.
Trialed at the Saracens Rugby game, it truly demonstrates how it can help in many ways. It makes it easier and quicker to pay for good (food, merchandise etc.) whilst reducing queues or making long queues move faster and it also means better money management as you can preload it with the budget spend for the day. You can imagine that would be useful for families who would normally have to dish out cash or cards to other family members for purchases, but not they can simply have a wristband each with preloaded amount of money. It is also secure in that you can report it lost and have it blocked immediately, rendering it useless and you also have a limited spend so if someone else gets hold of it, they can’t go overboard. As it would ultimately sit on your wrist and become part of your fashion attire, it is also available in various colors so you can go for a strap that matches your personality or what you are wearing.
Want to find out more about wearable payments? Visit Gemalto’s website here
