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Barclaycard Takes Over Wearable Market

Barclaycard Takes Over Wearable Market

Barclaycard is trialling a new approach to contactless payment in the form of gloves.

During the Christmas shopping period, the new trial will allow users to pay for goods by touching their gloves to contactless card readers. The technology behind the gloves is the same as the tech used in Barclaycard's contactless payment bands.

The payments firm developed the gloves after a consumer survey revealed paying for items was more difficult throughout the Christmas period due to the number of bags shoppers have to carry. The survey also revealed that gloves were the top rated wearable payment system wanted by consumers, with rings following closely behind.

Barclaycard digital consumer payments managing director Mike Saunders said the gloves are designed to enable shoppers to pay for goods quickly, even if their hands are full.

He said: "If the prototype is popular, these handy winter-warmers could be bringing some festive cheer to bag-laden shoppers by Christmas 2015."

According to Barclaycard there are now 45 million contactless cards in the UK and a quarter of those are contactless enabled.

It is predicted that £2bn worth of contactless payments have been made in 2014.


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