Cyprus’ Hellenic Bank now also offers contactless wristbands for payment

paybandHellenic Bank has launched the PayBand, a wristband which enables its owner to complete contactless payments of up to 20 euros, making it the first bank in the region to launch the technology and one of only six in Europe.

PayBand is the result of a collaboration between Hellenic Bank, Visa and Gemalto. It is a wearable, Visa contactless card which can be connected to any Hellenic Bank Visa debit or credit card. It is widely accepted in Cyprus and abroad at all contactless terminals (POS), with bank officials saying that one in five transactions in Cyprus is conducted contactless.

George Karageorgis, Hellenic Bank Group General Manager, Retail Division said, “In this new digital era, consumers’ needs, desires and preferences – especially those of young consumers – are constantly evolving as they are affected by the rapid evolution of technology. That is why we, in response to market needs, have set as our primary target the creation of new innovative and competitive products which follow international technological developments, international market trends and the standards set by international organisations.”

PayBand will be the catalyst for further innovation in the field of Hellenic Bank payments, replacing the use of cash in the Cypriot market,” commented Andriana Pappa, Visa Europe Cyprus Country Manager. PayBand is already available for existing and new customers, at all Hellenic Bank branches. More information is available on the Hellenic Bank website


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Categories: Contactless Payments

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