Barclaycard has rolled out a new range of wearable devices aimed at making contactless payments easier for customers and businesses to implement, supported by a multi-platform app and digital wallet service.
Following the successful launch of its bPay band during last year's Pride in London festival and British Summer Time concert series (which were sponsored by the payments firm), the company saw registrations for its wearable payment system jump following TfL's adoption of contactless in September.
The expansion of the range adds a keyfob and NFC sticker to the redesigned wristband, all of which link to a digital wallet that can be used to pay for transactions up to £20, rising to £30 when the contactless payment limit increases in September.
The range is available to anyone with a UK-registered Visa or MasterCard debit or credit card, not just Barclaycard and Barclays customers, with users able to add funds to their wallet using the mobile app or an online portal, with an option to top-up the wallet automatically when it falls below a certain level.
The app also enables users to monitor their transactions in real time, transfer funds on the go and manage the settings for each device linked to the wallet. The wallet and devices will be free to use, with no transaction, usage or top-up fees for consumers, including when used abroad, and will be available to anyone aged 12 and up.
The wearable device range will go on sale from bPay's new website on 1 July, and will also be available from selected high street retailers including CycleSurgery and Runners Need, both part of the Snow + Rock Group.
"We're in the midst of a sweeping change in the way we pay, with cash-dominated transactions being replaced by 'touch and go' contactless technology that has made it easier, safer and faster to make low-value payments," said Mike Saunders, managing director of digital consumer payments at Barclaycard.
"The launch of our bPay band last year was an evolutionary step for the business, with highly positive customer feedback. People told us they are looking for new ways to pay that offer greater flexibility and choice, and fit better with different lifestyles. 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."