EnHand

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City: Vilnius

State: Vilniaus Apskritis

Zip:

Country: Lithuania

The global payment market is moving towards a contactless payments system. As this system becomes recognized globally, entrants like Google Wallet, ISIS, and PayPal are supporting mobile solutions to change the plastic debit/credit cards by using mobile phone NFC technology. This mobile payment market is expected to double within 2-3 years. By 2016 it should reach 420 million users and turnover over 700 billion. They aim to capture 5-7% of users by providing a high quality leather wristband wallet equipped with payment solution that will work independent from mobile phone. Their offered bracelet is targeted at active people who sometimes do not have the ability to charge the phone, are likely to lose their belongings, do not want to carry a phone or wallet while at festivals, jogging, biking, snowboarding, surfing, and other activities. For these people they offer their indestructible, water resistant solution for having a wallet on the wrist equipped with NFC technology certified by Visa and MasterCard.

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