Wearable payment technology has seen a lot of improvements because of Covid-19

Covid-19 has motivated a lot of innovation in the payments segment and that's because of the need for digitization. Every merchant now feel they must have a digital proposition, to run their business. And almost every consumer wants means for touchless payments, while not loosing the speed and convenience in contactless purchases. And this has given Purewrist an opportunity to commercialize wearable payment technology successfully, offering a hands-free, contactless-technology platform for the modern digital and cashless world.

It comes with a Prepaid Mastercard Account , and the good thing is that, you can add more money and reload at anytime after you get your Purewrist GO, by upgrading it to a personalized card ( needs verification). Even you can link it to your bank account.

And look at the features (taken from their site) :

• Ultra Durable & Versatile
• Luxury Grade Silicone With a Protective Smooth Coating
• SGS certified, eco friendly, non-toxic to skin, dust repellant, and Impermeable. The production maintains a high standard and quality control process. There is also an adherence to environmental protection standards. The material passes EN71, FDA, ROHS certification.
• Waterproof
• Washable / Germ Free
• No Battery
• Lightweight
• Comfortable
• Stylish

So all this sounds cool, huh ? If you go to their site and go through the details then you will be tempted to use one.

However, every comfort has got it's own share of fraud. And this is where our challenge lies. How do we make sure, we will prevent fraud without compromising the speed of the transaction or user experience ?

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