Thales enables contactless payment for bank’s Wear ‘N’ Pay accessories
Source Thales
French digital security group Thales reported that its cyber technology is now enabling Axis Bank’s “stylish” wearable contactless payment device. Axis Bank’s devices use Thales’ chip form factor, which leveraging a holistic payment solution from Tappy Technologies, a leading wearable payment integrator.
According to Thales, the wearable contactless payment devices are easy to carry around and blend into a users’ daily life. Thales said it has managed to condense the technology of a contactless card into a tiny piece of secure payment technology, called the Thales Gemalto FlexiTag, which can be invisibly integrated into numerous wearable shapes and sizes.
As a result, Axis Bank customers can enjoy payment bands, key fobs or loops to process fast contactless transactions, without having to reach for and take out a wallet.
The wearable is directly linked to the customers’ bank account and functions like a debit card, Thales explained. This allows purchases to be done at any merchant who accepts contactless transactions. Also, to ease accessibility, the Axis wearables can be purchased via phone banking or at Axis Bank branches.
