25 August 2016
Find out more

Maybank launches contactless wristbands

08 January 2016  |  8640 views  |  0 MayBank Visa PayBand

Customers of Malaysia's Maybank can now make payments with a wave of the wrist using NFC wristbands developed by the bank in association with Visa.

The smart wrist band uses Visa's PayWave technology to enable contactless payments at more than 1000 locations across the country.

The Maybank PayBands follow the PayWave microtags previously issued by the bank for customers to stick to their mobile phones for contactless payments.

Visa expects the wristbands will be particularly attractive for consumers visiting cash-hungry outdoor events and theme parks.

Visa country manager for Malaysia Ng Kong Boon says: "To be able to drive Malaysia to become a cashless society, it is important that we take steps to displace cash at places that are traditionally heavy on cash, particularly at events and theme parks, where payments, such as entrance fees and drinks, are small ticket payments."

He says there are now over 2.5 million Visa payWave cards in circulation in the country, with a year-on-year growth of 250% in payment volume as of November 2015.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Chinese commuters to get contactless wristbands/fitness trackers

Chinese commuters to get contactless wristbands/fitness trackers

10 July 2015  |  6884 views  |  0 comments | 10 tweets | 7 linkedin
Maybank joins hunt for top startup talent

Maybank joins hunt for top startup talent

17 April 2015  |  4511 views  |  0 comments | 6 tweets | 6 linkedin
CaixaBank to distribute contactless wristbands through branch network

CaixaBank to distribute contactless wristbands through branch network

09 October 2014  |  11350 views  |  0 comments | 11 tweets | 13 linkedin
US Bank unveils contactless payment and medi-care wristband

US Bank unveils contactless payment and medi-care wristband

19 July 2011  |  9499 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comFind out moreVisit equens.com

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
7925 views 0 | 52 tweets | 43 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
6734 views 3 | 22 tweets | 12 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
6021 views 8 | 20 tweets | 8 linkedin
Teenager avoids conviction for CommBank DDoS attackTeenager avoids conviction for CommBank DD...
5999 views comments | 2 tweets | 3 linkedin

Featured job

Find your next job