Spain’s Payment Wristbands Rival the Physical Wallet
La Caixa plans to start giving out wireless wristbands to let clients pay with a tap of the wrist rather than using a credit card
The future of money technology has shifted rapidly in the last decade, with touch-to-pay credit cards, smartphone apps that let people manage their money while on the go, and now Apple’s new phone wallet system. As credit cards are beginning to be fazed out as currency, wireless tech id quickly filling the space with faster, more convenient options. La Caxia, known in the English-speaking world as Caxia Bank, is a Spanish establishment that is allowing customers to pay with a flick of a wrist — literally.