Wearable payment means

Wearable payment devices answer the demand of customers all over the world who are in constant search for more convenience. One of the most well-known example is event wristbands which are typically used to avoid cash handling and ensure fast and hygienic contactless payments.

Devices originally designed for a single purpose tend to combine features over time to become more essential in our daily lives. This takes many forms: watches, wristbands, key rings and other various accessories can simplify access to our favorite places, enable us to pay, gain loyalty rewards, or use public transportation without needing to carry a wallet.

Positive customer perception combined with increased contactless POS penetration (94% expected by 2024) will most likely boost transactions via wearable payment devices for years to come—44% of shoppers already say they are willing to use them.

IDEMIA Flybuy range answers this demand with a SIM-size mini FOB that can be inserted to versatile wearable option such as:

• wristbands
• keepers (to be added to any strap or a band such as a watch)
• key rings

With the IDEMIA Flybuy Mini FOB, ordinary daily objects become wearable payment devices and expand contactless payments options. They can be payment-only or multi-usage devices—for example a prepaid payment feature combined with access to events, offices, public buildings, and public transportation.

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