A wristband that allows you to make payments

LONDON: Could this mean the end of credit and debit cards? A wristband that allows wearers to pay with just a tap is being launched in the UK. Barclays, the British multinational banking and financial services company, is offering a wristband that people can use for contactless payments. The bank's Barclaycard division plans to roll out its bPay band at sponsored events this year ahead of a wider launch in 2015.

The device uses the contactless payment technology used in Barclays' credit and debit cards, which lets users make payments by scanning them against terminals, the Telegraph reported.

A user can add money to their bPay band using their Visa or MasterCard credit or debit card. The money can then be spent on small purchases up to a single transaction value of 20 pounds (around $34) by swiping the bands over a terminal.

Barclaycard plans to make the bands free of charge and will allow them to be used by the majority of UK card users, not just its own customers.

"The money or information you need for every stage through the day will be integrated into a single device like bPay band — from your travel card to your gym membership to your lunch money," the Barclaycard website says.

http://timesofindia.indiatimes.com/followceleb.cms?alias=bPay,Barclays,Barclaycard,MasterCard

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