CORDIS Project
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This project focuses on creating customized contactless payment wearables for banks, enhancing security and convenience. By integrating multifunctional chips, these wearables can also serve various purposes like transport access and loyalty programs, targeting young consumers.
The infrastructure to enable contactless payments is now widely deployed in Europe, all point-of-sale terminals will accept contactless payments by 2020.
Furthermore, the recent launch of Apple Watch including payment functionality, has raised enormous interest on contactless payment from wearables.
Thus, the momentum is created for innovative companies to change the payment habits of young citizens, based on improvement of convenience and security.WEAR´n´PAY services correspond to the developme…
WEARABLE TECHNOLOGIES SL
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