Nordic bank Handelsbanken is setting foot into the wearable payments market with their latest product; a contactless micro card that can be used in a wristband, bracelet watchstrap or even keyrings.
With help from Norway’s national payments system and local IT firm Evry, the bank is trailing the mini card before offering it to customers later this year.
Evry’s contactless technology enables the waterproof card to be linked directly with the bank account for PIN-free payments up to NOK 200.
Anthony Brady, manager, cards, Handelsbanken, adds: “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.”