Pay with a smartwatch! | Banque et Caisse d'Epargne de l'Etat, Luxembourg
6th March 2019

Pay with a smartwatch!

Ever since Sophie got pregnant, Marc has started cooking larger meals for his darling, and for himself as well. As a result, it's hard to tell which one of them is going to deliver the baby! To avoid any confusion in the maternity ward, Marc is getting into shape with the help of an activity tracker unlike any other.

Marc has started running, and thanks to his activity tracker, he can monitor his physical activity, his diet and his sleep quality, and he can even set fitness goals for himself. And that’s not all!

The wallet can stay at home! From now on, you can go shopping or buy a bottle of water after your workout with your smartwatch.
The handiest payment method
The handiest payment method
Fitbit and Garmin have developed fitness trackers that also function as wallets. Users can add credit cards to the apps on the watches and make their purchases with contactless payments in any shop with contactless capabilities.
Keep all the credit card benefits
Keep all the credit card benefits
Marc likes to pay for things with his Mastercard Gold Miles & More Luxair to earn miles. If he uses his watch to pay with this card, he still gets the miles. This is also true for the purchase guarantees associated with certain credit cards like for instance the Mastercard Gold card.
Security
Security
Card data is not stored on the watch or shared! Your data stays confidential thanks to a watch-specific card number and transaction code used for the payment. For another layer of security, users must enter a code every time the last payment was made with the watch more than 24 hours before and every time they take off and put on the watch!
With all this, we just hope Marc doesn't trade in his workouts for shopping sprees!
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