UK bank to launch wearable payment devices

New range of wearable devices to allow consumers to make payments using wristband, key fob or sticker

Photo by: AFP
Photo by: AFP

Updated Jul 28, 2015

Barclaycard has unveiled a new payment method consisting of bPay wristbands, fobs and stickers. The “contactless” range, expected to go on sale from Wednesday onwards, will allow bank customers to make transactions at 300,000 locations across the UK.

The “tap and go” system will operate like a contactless bank card, thus must be pre-loaded with cash either online, through a mobile app or by automatic top-up.

The new range is expected to bring convenience to consumers as it makes it possible to own several devices and manage them separately. With children as young as 12-years-old eligible to use the devices their pocket money can be loaded onto one of them and managed accordingly.

Despite being launched by Barclays, the devices will be available to anyone holding a UK-registered Visa or MasterCard. 
In terms of pricing, the wristband will be sold for $27.70, the fob will be priced at $22.15 and the sticker - which can transform items such as mobile phones into tap and go payment devices - will cost $16.61.

Customers can purchase the “contactless” range online or from high street stores such as CycleSurgery and Runners Need starting from July 1.

TRTWorld and agencies