Bankwest customers in Australia are now able to tap and pay for goods using the Bankwest Halo, reported to be Australia’s first payment ring.

The release of the payments ring forms part of the bank’s focus on providing its customers with new and innovative methods of payment. The ring links to a customer’s Bankwest account and works like a contactless card.

The ring, which is waterproof to 50 metres, is designed to be a convenient alternative to card, cash or phone payments, and has the same security features as a Bankwest Mastercard – with 24/7 fraud protection.

Rowan Munchenberg, managing director of Bankwest, said: “Customers’ needs are always changing and in today’s digital world they increasingly expect smooth transactions that fit with their lifestyles, whether shopping online or in person.”

Nichole Banks, general manager of customer communications and brand at Bankwest, added: “Our customers’ lives are so varied and this ring offers them complete freedom to pay wherever and however they want. The likes of cyclists, swimmers, surfers and joggers will love the Bankwest Halo’s convenience. Plus, as it’s a ring, something that people usually choose to wear as jewellery, it’s got that little bit of a wow factor too.”

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