ABN AMRO is taking the next step in testing new wearables as a payment method with 500 of its clients. After prior successful internal tests in 2017, clients can now experience what it’s like to make contactless payments with a ring, watch, bracelet or keyring.
„ABN AMRO is the first bank to enable worldwide payment with a wearable that’s linked to a current account. As from today, sign-ups are open for clients to participate in a four-month pilot. In exchange for providing the wearables, the bank requests feedback through an app, so the client experience can be continuously optimised while the pilot is ongoing.”, according to the press release.
As Yvonne Duits, ABN AMRO Product Owner Payments, explains, the bank is exploring all sorts of inventive payment methods. Yvonne: „As much as 50 percent of all payments in the Netherlands are contactless. But the rise of contactless payment doesn’t stop at bank cards and mobile phones. More and more products have payment through Near Field Communication (NFC) enabled, so naturally we’re eager to test this method with our clients. The current project involves a range of wearables. We care about making things convenient for consumers and offering everyone a payment method that suits their preferences.”
„Thanks to ABN AMRO’s close cooperation with Mastercard and DIGISEQ, the products meet all requirements for reliable and safe payments.”, the bank says.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
