Optelio Contactless MiniTag supports contactless EMV transactions, which can be performed at more than 300,000 payment terminals across Spain. It allows payments of up to EUR20 with just a tap, and higher value transactions require entering the user’s PIN code.
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Optelio Contactless MiniTag, which is inserted in the wristband’s slot, is linked to the user’s existing payment card. It offers exactly the same security standards as a regular contactless EMV card.
CaixaBank started distributing preliminary volumes of wristbands to their card users this summer. The wearable payment device will be available with a new design at all office branches from October onwards.
Philippe Cambriel, president for Europe, Mediterranean and CIS at Gemalto, said: "The wearable devices market is booming, with around 70 million units projected to be sold in 2017.
"In line with this major global trend, CaixaBank’s new product launch re-enforces their pioneering spirit, well proven in providing innovative technologies such as contactless cards, mobile services and now wearable devices, so as to always offer their customers the payment method that best fits their needs."
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