Springwise: RFID-Enabled Watch Offers Contactless Payment With MasterCard
Watch2Pay is a collaboration between Austrian watchmaker, LAKS, and Mastercard that lets you pay for products and services with a simple wave of your wrist.
Contactless credit cards have been around for several years already through the likes of RFID-enabled offerings such as MasterCard PayPass and VISA PayWave. What we hadn’t seen until recently, however, is a wrist watch offering similar capabilities. Sure enough, Watch2Pay devices include prepaid MasterCard PayPass technology to let consumers pay for purchases with a swipe of their watch anywhere PayPass is accepted.