Shaping the Future of Contactless Payments in Poland
Problem statement
Modern consumers increasingly rely on contactless payments, yet in everyday life they still face significant limitations. Full dependence on a smartphone or traditional card means the need to remember to carry them or ensure they are charged. The lack of a convenient, always-available device enabling payment makes quick and secure transactions more difficult, leading to frustration and wasted time.
Solution
WearPay offers payment rings as an alternative to smartphone-based or traditional contactless card payments. With the ring, the payment process becomes even simpler and more convenient. The user authorizes a transaction with a single gesture, without the need to have a charged phone or physical card. The solution delivers full convenience, speed, and security, while eliminating the limitations associated with traditional contactless payments.
Value proposition
- For consumers:
They gain a new level of contactless payments—faster, more convenient, and always available. The ring eliminates the need to carry a wallet or ensure the phone is charged, enabling instant and secure transaction authorization with just one gesture.
- For banks:
Offering payment rings enhances customer loyalty and increases transaction activity, which translates into higher transaction volumes and reduces commission costs associated with processing contactless payments via smartphones.