Business planning

Pay with the flick of a wrist

Michelle Hammond /

start-up-idea-wristbandCashless music festivals are on the way, with a scheme that will allow UK Wireless Festival attendants to load up a wristband with $400 cash to spend during the three-day event.

 

Those with wristbands will not need to enter a PIN or sign their name when buying items, but will only be able to spend $30 in one go.

 

Festival-goers can pay for goods and services at the event – such as food, drinks and merchandise – simply by placing the PayBand on a reader.

 

The PayBand, launched by Barclaycard, is the first of its kind at a major music event, and the latest step towards contactless payments that dispense with traditional cards.

 

By why stop at music events? A wristband that can pay for things would also be useful for tourists looking to lighten their load.

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