This week, the country's
The waterproof wristband is, in effect, a clone of the a contactless bank card, and can be used in the same way as any contactless-enabled card. Purchases of less than
Until now, most payment wristbands have had to be preloaded with cash - Barclaycard has just started offering one in
But are the new devices safe? Could someone slip it off your wrist and head off on a spending spree?
The bank says customers have exactly the same protection in the event of theft as with the cards the bands replicate. All non-authorised contactless payments made by any thief will be refunded.
If several purchases are made in quick succession, the system asks for a pin to be input - stopping a thief racking up a big bill.
Inside the wristband is a micro-tag with the customer's encrypted card details. The contactless chip connects the wristband to the sales terminal as if the user had paid using a standard contactless card.
The wristband has been developed by Visa and the Spanish trial will be closely monitored by the big
Lack of contactless cards from some
A spokeswoman for
Last month, Barclaycard launched its bPay wristband, which is open to all - irrespective of who you bank with. Users pre-load their card, which is held within a rubbery wristband.
It can be used to make purchases up to pounds 20 at any contactless payment terminal in
Pre-loaded money wristbands are popular at music festivals (above), but now a Spanish bank has taken the technology further Photograph: Getty
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