Kerv Wearables has launched its contactless payment ring after two years of development and fundraising at the annual Wearable Technology Show in London.
The device allows the wearer to make a contactless payment anywhere that allows Mastercard contactless transactions.
Launched after recent M/Chip certification from Mastercard, the ring doesn’t need charging or pairing with a smartphone to work, the company said.
The waterproof and scratchproof ring allows users to view their spending activity in real-time. They can also turn the ring on or off to prevent unauthorised transactions.
The device is now up for sale for £99.99 on the company’s website and is available in 14 different color combinations.
Kerv Wearables founder Philip Campbell said: “Our aim was to develop a desirable wearable item, that does not obviously look like a piece of technology. We believe that the Kerv ring makes people’s lives easier – whether that is commuting to work on London underground, buying a coffee, or paying for a round of drinks.”
Mastercard senior vice president for EMV and digital devices Dave Meadon said: “Mastercard is continually looking for new ways to make transactions more secure and more convenient. The Kerv ring is a demonstration of how Mastercard’s secure M/Chip technology can power contactless payments in innovative consumer devices.”