Wearable payments brand ‘RingPay’ launches on Amazon UK
By Gloria Methri
RingPay by McLEAR, the smart ring that enables users to pay for things with a wave of the hand, has launched for sale on Amazon UK this month. RingPay can be used at any pace that allows contactless payment, such as restaurants, supermarkets, transportation, etc, and offers wearers a unique and seamless payment experience.
RingPay is set up and managed using the accompanying mobile app. Users can add any Visa or Mastercard, debit or credit card to the app as a funding source, and either top up a fixed amount or set to auto top-up – ensuring there are always funds available to spend using the ring.
Users do not need to have their phones with them to make payments, making RingPay their primary payment device. In addition, the ring does not contain a battery, so requires no charging – allowing the user to always have payment on hand.
RingPay securely operates on the VISA network. If the ring is lost or misplaced, it can be frozen instantly at the tap of a button in the app. McLEAR said that RingPay is currently the only smart ring that offers contactless payment on Amazon.
Developed in strategic alliance with VISA Inc, McLEAR is a wearable technology company for payments, security, and fashion globally. It prominently showcased the first payment ring alongside VISA at the Rio Olympics, Super Bowl 51, Eurovision 2017, and FIFA Confederate Cup 2017. The company kickstarted the smart ring space in 2012 with its NFC Ring invention and continued with its innovative payment ring, RingPay. Headquartered in London – the team of British and International engineers, designers, and payment industry specialists are at the forefront of wearable payment technology.
IBSi Daily News Analysis
January 16, 2024
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