Barclaycard is preparing to jump on the wearable tech bandwagon through the launch of a contactless payments wristband.
How different is this from mobile wallet except as a wearable device? Second, is this sustainable from cost perspective. This looks like a teaser product that is free for 6 months and thereafter....Perhaps it is too early to comment.
If you think from the customer perspective, this will help alleviate fear of contactless payments (a separate top-up account like an Oyster card as opposed to directly linked to your bank account) and help drive adoption rates when the 'real thing' finally
becomes available. I think it's one of many steps in the right direction.
Or they could have saved themselves a lot of (physical) issuance costs and invested in building a proper mobile wallet ecosystem using HCE and NFC. Interesting to see that the main barclaycard site makes no mention of the new bpay bands...
Commensurate with the status and importance of thi...London based with substantial international travel
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