Accessories with NFC: TOP-5 offers from world banks

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What is the richness of the world market of payment accessories - read in the article

NFC accessories

Accessories with NFC: TOP-5 offers from world banks.

Ukrainian Oschadbank recently opened a pre-order for NFC-rings, the release of which the state bank has implemented in conjunction with the international payment system Visa. Using the accessory, it will be possible to make contactless payments in retail outlets, metro, etc.

On the ring pre-order website, it is indicated that the cost of the accessory starts at UAH 3,500 (about $ 140). In addition, to get the device, you need to be a premium client of the bank.

Kilce with NFC from Visa and Oschadbank.

Kilce with NFC from Visa and Oschadbank. Photo: facebook.com

However, not only Visa and Oschadbank can boast of their payment accessory. There are a number of world banks that have long begun to offer similar devices: and not only rings with NFC, but also key fobs, stickers, etc. We have collected several examples of such institutions and found out on what conditions you can get their payment accessories.

Ring K Ring​

ring with NFC

Ring with NFC K Ring.

The K Ring payment ring is available to customers of the Dutch bank ABN AMRO, who can order it on the institution's website for £ 74.99 (about $ 90) . Before paying with an accessory, it must be linked to a bank card.

Otherwise, you can register a K Wearables Virtual Prepaid Mastercard account with which you also need to associate the K Ring. However, this option is only valid for UK residents. For these users, the cost of the ring is £ 99 ($ 119) .


For K Ring, there are some restrictions that apply to the transaction amount without the need to enter a PIN. In the UK, the maximum amount for contactless payments without PIN is £ 30. In the Netherlands (for ABN AMRO bank clients) it is € 25.

Bankwest halo​

Australian bank Bankwest, which has been owned by the Commonwealth Bank of Australia since 2008, unveiled its own Halo payment ring last year. To order a ring, you need to be a client of a bank - open an account there and receive a payment card.

Ring cost: $ 39. This amount includes custom-made and customization of the ring.


Key details:
  • The ring can be ordered from the Bankwest website or from a bank branch.
  • The Halo Payment Ring is completely waterproof and can be used for diving up to 50m.
  • It does not require any charging or tethering to a banking application.
  • The bank guarantees the security of payments 24/7, which is ensured by the Mastercard fraud protection system.
  • The ring is offered in two customized colors and is not transferable.
The Halo payment ring can be used in the same way as a debit card for contactless payments. However, if the transaction amount exceeds $ 100, you will need to enter a PIN.

NFC accessories from Westpac
NFC accessories

NFC accessories from Australian Westpac.

Another Australian bank, Westpac, provides an opportunity to purchase a range of accessories (silicone straps, various holders, key fobs) with a built-in NFC chip.

To pay contactlessly with the help of such accessories, you need to be a client of an Australian bank and link your account to a microchip, which will then be built into a particular device.

Barclays payment accessories​

payment accessories

Barclays payment accessories.

The largest British bank Barclays presented a line of payment accessories, including: key rings, watch straps, bracelets.

The cost of such devices is £ 6.99 (over $ 8). All accessories have built-in NFC, which allows you to use them to make payments. The chip is integrated with the client's mobile wallet.

With accessories, you can make contactless payments for up to £ 30 without a PIN. The device must be linked to a Barclays debit or credit card and must be linked to the bPay mobile app.

It is noted that the shelf life of each accessory is 2 years, after which it must be replaced.

In addition, Barclays recently opened its own online store, which offers a wide range of payment wearables - from smartwatches to jewelry. In order to start paying for purchases with this or that accessory, you first need to activate it in the Pingit application. In the same mobile program, you can track all calculations made using the device.

Smart bracelets and stickers from Riyad Bank​

Riyad Bank

Smart bracelets and stickers from Riyad Bank.

One of the largest banks in Saudi Arabia presented a bracelet and stickers for smartphones with a payment function. Such accessories must be linked to the customer's bank account.

The main characteristics of bracelets and stickers for smartphones:
  • the ability to make transactions up to 300 Saudi riyals ($ 80) without entering a PIN;
  • the client can receive several stickers that can be linked to one bank account.
  • the cost of accessories (issue and renewal) - 50 Saudi riyals ($ 13.3) .


Foreign banks do not put forward any special requirements for those wishing to receive an accessory that can be paid. The only thing is that you have to be a client of this or that financial institution. But at the same time, you do not need to subscribe to expensive premium programs of the bank, pay high service fees. As a result, by offering their own accessories with NFC, foreign financial institutions provide an affordable way to pay non-cash and thus expand their client base.
 
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