Bank-Enabled Payment Rings : intesa sanpaolo 1

Intesa Sanpaolo is revolutionizing the payment space with the launch of a cutting-edge wearable payment ring, allowing customers seamless tap-and-pay functionality at checkout. Developed in collaboration with Mastercard and crafted by Swedish fintech Tapster, this innovative ring is constructed from shockproof wood and ceramic, ensuring durability and style.

The ring operates without the need for battery charging or an internet connection, leveraging an integrated NFC chip for straightforward actions like credit card payments. Intesa Sanpaolo prioritizes security, shipping the wearable in an inactive state accompanied by a QR code for exclusive activation by the cardholder.

“To pay for the purchases in contactless mode, it is necessary to simply bring the ring close to the POS, just like for payments via physical cards or smartphones,” said the bank in a statement.

Image Credit: Intesa Sanpaolo