EVERING
Evering manufactures finger band-shaped cashless payment devices that utilize near-field communication (NFC) technology for secure, contactless transactions. This solution provides a portable and user-friendly method for making financial transactions without the need for traditional payment methods.
- Financial Technology
- Hardware
Funding
Funding not disclosed
Founders
Product
Problem
Traditional payment methods like cash, credit cards, and smartphones can be cumbersome, unhygienic, or impractical in certain situations. Users may seek a more streamlined and secure way to conduct transactions without the need for batteries or constant charging.
Solution
EVERING offers a ring-shaped, NFC-enabled wearable device that allows users to make cashless payments with a simple tap. The ring utilizes Visa's contactless payment technology, enabling quick and secure transactions at any Visa-enabled point of sale. Unlike smartwatches or phones, the EVERING ring requires no charging, is waterproof, and can be easily deactivated via a mobile app if lost or stolen. The ring functions as a pre-paid card, allowing users to load funds and track spending through the companion application.
Target Audience
The primary target audience includes individuals seeking a convenient, secure, and minimalist payment solution, as well as parents looking for a manageable payment method for their children.
Features
- NFC-enabled contactless payments via Visa's payment network
- Waterproof design for use during handwashing and sports activities
- No charging required
- Mobile app for fund loading, transaction history, and ring deactivation
- One-tap payment functionality for speed and convenience
- Available in multiple colors and sizes