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G&D customers can make small payments in a variety of shops in Barcelona.
March 1, 2017
By: DAVID SAVASTANO
Giesecke & Devrient (G&D), in collaboration with CaixaBank, will distribute wearable wristbands for contactless payments among MWC 2017 attendees. The wristbands, manufactured by G&D, are lightweight, submersible and ergonomically designed.  There will be 936 million people using this technology to make payments by 2021, and the value of transactions will exceed €471,000 million.  They integrate a security chip based on Java technology where the CaixaBank payment application has been installed as well as an initial balance. G&D customers can verify its simplicity of use when making small payments in a great variety of shops in Barcelona. In addition, since it is a certified by Visa product, the wristbands can be used to pay in any country around the world. Its operation is similar to that of a prepaid chip card.  Apart from payments, the new wearable device can also be used as a building access control system or as a public transport card due to the NFC contactless technology and various mobile applications
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