MasterCard Launches PayPass Prepaid Watch in Europe

by Mercator Advisory Group 0

MasterCard, in conjunction with Laks and Vincento, have announced a prepaid product in a watch available in the UK that will integrate contactless technology:

“MasterCard has teamed up with manufacturer Laks and issuer Vincento to launch a wristwatch featuring PayPass contactless payments technology.

Wearers will be able to make payments of up to £15 by tapping their Watch2pay piece against PayPass readers in more than 70,000 UK shops to make purchases.

The wristwatchs are being sold online and come with a reloadable MasterCard pre-paid card that is valid for up to two years.”

Only time will tell how popular these watches become…
Click here for more: http://www.finextra.com/News/Fullstory.aspx?newsitemid=23210