Launches PayBand for a quick one off of the wrist.
Contactless tech NFC is increasingly gaining favour from financial giants, as the likes of Barclaycard and MasterCard push out their respective PayTag and PayPass mobile payment services.
Now, Barclaycard has unveiled the PayBand, a wrist accessory that has been designed for use at the Barclaycard Wireless Festival, which takes place from July 6th-8th.
The idea is to inhibit the need to carry cash during the event, using the band to process payments with all of the event vendors, no matter what they're buying.
Additionally, PayBand users will be eligible for 'Barclaycard Unwind', which will provide fast track entry, goody packs, ad the chance to win VIP upgrades and backstage tours.
Tom Gregory, head of digital payments at Barclaycard, said: "We are immensely proud to be the first to go completely contactless and offer the choice of a cashless experience at London’s largest music festival.
"We’re really excited by the possibilities Barclaycard PayBand offers as a wearable, secure and easy way to pay when you’re out and about at the festival. Alongside QuickTap and Barclaycard PayTag, we’re exploring the versatility that contactless offers as an alternative to cash."
The PayBand has a limit of £20 per transaction, while other contactless payments can be used, as well as the vintage method of payment, cash.
PayBand top-ups can be made online before the festival or alternatively on site.