Barclaycard's Contactless Payment bPay Bands Will Reduce Cash Transactions

By: Alyson Wyers - Jun 16, 2014
References: barclaycard & psfk
If you combine wearable technology and contactless payment, you will get the credit card-replacing wristband from Barclays Bank. The bPay band is a wearable payment device you wear on your wrist that allows you to pay for things on the go without using cash, debit or credit.

The Barclaycard division launched a contactless payment card in 2007 and this is the next evolution from that. Previously people could pay for items up to £20 by tapping or scanning their Barclaycard at appropriate terminals. But now they will be able to do this with a wristband instead where retailers display the contactless payment symbol. The bPay band will be made available to the majority of UK card holders, not just customers of the financial services firm.