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After payment by credit cards, after payment via a smartphone, now Visa proposes to pay through NFC ring. The contactless payment system tested during the Rio Olympics will democratize.
Visa had taken advantage of his sponsor status at the Olympic games to experiment and promotionner same time an NFC ring, which can pay for purchases easily. It seems that this phase has met the group, since Visa announced that pre-orders of this ring were open for 39.99 GBP, or about 47 euros (12 euros postage for France).
Visa guarantees transaction security with its NFC ring
The first deliveries of this revolutionary product in the field of contactless payments will begin at the end of the year, during the month of December. Many think that this is a geek gadget, but the Visa firm said on his ring, in addition to making payments very simply, it can also unlock a smartphone or a door, for example. The device is able to exchange information and requires no charging. So this is a product that goes beyond the single payment and therefore may find many applications in everyday life.Visa emphasized that its NFC ring "replaces the sensitive payment information such as the account number to 16 digits, a unique numeric identifier that can be used to make payments without revealing the details of the real account".
A growth of 335% for contactless payments
If Visa seeks to provide a new contactless payment method, it is precisely because this market is exploding and changing. The general public have confidence in this technology and it may one day these new payment methods replace the traditional credit card.
For example, in China 90% of new credit cards have NFC technology, in Canada 75% of stores have a payment terminal accepting NFC. The figures speak for themselves since Visa this year recorded an increase of 335% of transactions carried out via a contactless payment system. Strong growth is not about to stop and that should enable the ring of Visa to democratize quickly.
