Two brands of ‘smartwatch’ are compatible with new ‘contactless’ technology payment systems.
The market for smartwatches (smart watches) in the country is expanding with the new offer of applications oriented to different services, including banking.
Brands such as Garmin and Fitbit are the first to take advantage of this niche, in which Banco ProCredit and Produbanco – together with Mastercard and Visa, with which they have respectively made alliances – have launched their applications and platforms to offer a new technology payment system contactless (no contact).
Garmin and Fitbit watches have a technological ecosystem that enables debit card digitization. It also facilitates the secure storage of cards in these devices and their use through short-range wireless technology (NFC).
In the case of Garmin, a brand that has been in Ecuador for 25 years, its commercial director, Rebecca Jouvin, indicated that its payment solution contactless is Garmin Pay, which works with various credit and debit cards from major banks.
“At the moment the cards that are enabled are Mastercard with ProCredit bank and Visa with Produbanco; we are managing with the other banks and cards, and it is most likely that by the middle of this year all the cards and all the banks will be enabled, “said Jouvín, who added that the prices of the watches that have this tool range from $ 250 and up.
There are thirteen models that offer these benefits, which can be purchased nationwide through the page www.garmin.ec.