In yet another move to make your wallet obsolete, Barclaycard are all set to roll out three new wearable devices that you may find handy in making contactless payments in the future.
Named the bPay wristband, bPay fob and bPay sticker, these new gadgets can be used and managed by bPay users who can top up these devices for up to £20 through a secure digital wallet.
The maximum top up amount will rise to £30 in September when the maximum limit of making contactless payments will be increased by the bank. You will be able to pay for transactions in over 3,00,000 locations across the country.
Now if you're wondering what these devices look like- the bPay wristband, as the name suggests, is a wristband. The fob can be attached to anything ranging from a key ring to a bag to making payments, and the sticker can stick on to any flat surface which you usually carry around when out and about.
The best feature of these gadgets is that you don't need to be a Barclaycard customer to use them. Being an owner of a UK-registered Visa or MasterCard debit or credit card will be enough for now.
You can either top up these gadgets manually through the app or set your debit or credit card up so that once the balance falls below a pre-set level, the top ups can occur automatically. The apps can also let you view your transactions real-time, transfer funds to your digital wallet as and when required and shut down these devices remotely in case of theft or loss.
You can buy these gadgets on the bPay e-store from 1st July and also from select high street vendors like CycleSurgery and Runners Need outlets, part of the Snow + Rock Group. The wristband, fob and sticker will cost £24.99, £19.99 and £14.99 respectively. No separate transaction or top up fee will apply.
The news comes not long after Apple confirmed that the Apple Pay contactless payment system will be up and running soon. For banks to launch their own wearables that can rival Apple Pay when it' still young can't be faulted as a bad marketing plan.
Mike Saunders, Managing Director, Digital Consumer Payments at Barclaycard, said, “...So we’re building on this success with our expanded bPay proposition, and have produced a range of wearable products that you can use to pay for everything in your day – from travelling to work and grabbing a coffee, to buying your lunch or picking up groceries from the supermarket.
“We’re leading the innovation that will enable everyone to pay in a convenient, flexible, and secure way."