Handelsbanken trials micro contactless cards

Handelsbanken trials micro contactless cards

Nordic bank Handelsbanken is entering the wearable payments market, trialling a micro contactless card that can be put into a wristband, bracelet, watch strap or keyring.

The bank is working with Norway's national payments system, BankAxept, and local IT firm Evry to trial the mini card before offering it to all customers later this year.

The waterproof card is equipped with Evry's contactless technology that can be linked directly to the user's bank account for PIN-free payments of up to NOK 200.

Anthony Brady, manager, cards, Handelsbanken, says: "This micro bank card makes paying for small purchases quicker and simpler than any other solution currently available to customers.

"You can, for example, have this small waterproof card in a wristband on the beach so you can buy an ice cream as soon as you get out of the water without having to first fetch your wallet or mobile."

Comments: (1)

A Finextra member
A Finextra member 17 July, 2018, 13:191 like 1 like

2007 called, they want their innovation back...