UK-based Vincento Payment Solutions has
partnered with ID Data cards to support the launch of a new watch
that can be used for contactless payments.
A joint statement said the Watch2pay
gadget will be used to purchase items of up to £15 ($23) at 70,000
retail stores in the UK
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
ID Data will supply a matched pair of cards,
one containing an embedded chip in a pop-out, which will be fitted
in each watch along with a fully functional Paypass companion card
to meet the necessary payment regulations.
Vincento’s role will include providing the
back-office infrastructure via the company’s Kalixa prepaid payment
solution.
Suresh Vaghjiani, head of product management
at Vincento Payment Solutions, said:
“[The initiative] will create an alternative
payment solution that is the first commercially available non card
or phone payment device in the UK.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataID Data is well acquainted with Vincento, as
since 2008 it has been the electronic money issuer’s card
supplier.
