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CaixaBank launches payments wristband that can be used at any Visa merchant.
Payments are made in the same way as a standard contactless card. Customers will have to enter their PIN code for purchases of more than €20 to validate a transaction, while purchases of less than €20 can be completed by simply bringing the device into close proximity to the merchant’s POS terminal. The bank has also developed a corresponding mobile app that alerts users of any transactions made using the device.