This HCE based Wearable Digital Wallet is Poised to Launch in Summer this Year

Last month, Wirecard AG presented a payment wearable solution based on host card emulation (HCE) technology. For a quick and contactless payment process, the user simply holds the intelligent armband against the NFC payment terminal. The payment transaction is displayed in real time on the screen of the Wirecard wearable device and on a smartphone app. It can also be connected to numerous mobile services, such as loyalty schemes, and can be used as an admission control wristband. A commercial version of the device is poised to be launched this summer in Europe.

The Wirecard Smart Band with its contactless payment function is worn on the wrist. It is wirelessly connected to an app on a smartphone and via Bluetooth 4.0 (BLE). In order to carry out a contactless payment, the user should first preload a one-off token to their payment band via their smartphone. This is made possible through Wirecard's NFC host card emulation technology. One token will be used for each payment transaction. The tokens replace card data that has been provided, which is stored in a secure server. The Wirecard Smart Band can also be used to make payments when the user's mobile phone is in offline mode.

"The future of payment is wearable. Wearables are the new trend in the field of internet-based devices," says Markus Braun, CEO of Wirecard AG, said in an official press release. "We are only at the very start of our journey towards a mobile economy. Modern payment wearables such as our Wirecard Smart Band are a further enhancement and expression of the mobile lifestyle. As a pacemaker for internet-based payments, we are setting standards for a mobile, cashless future, regardless of the device being used."

Wirecard AG is one of the world's leading independent providers of outsourcing and white label solutions for electronic payment transactions. The Wirecard Group supports companies in accepting electronic payments from all sales channels. A global multi-channel platform bundles international payment acceptances and methods, supplemented by fraud prevention solutions. When it comes to issuing their own payment instruments in the form of cards or mobile payment solutions, Wirecard provides companies with an end-to-end infrastructure, including the requisite licences for card and account products.


Kate is a staff writer at, , She likes to write about mobile payments and mobile commerce.

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